October 1, 2022

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Oil Stock, Bed Bath & Beyond, Visa and more

Oil Stock, Bed Bath & Beyond, Visa and more

Take a look at some of Primarkt’s biggest drivers:

chevronAnd the exonAnd the Philips 66 – Oil stocks rose broadly in pre-sales after energy prices rose overnight with the US benchmark West Texas Intermediate crude briefly broke above $130 a barrel. Chevron and Exxon Mobil shares rose more than 1%, while Phillips 66 rose 3.4%. ConocoPhillips It rose nearly 2%, while Baker Hughes jumped 4%.

bed bath behind – Shares of the home goods retailer surged 70% in pre-market trading Monday after that Ryan Cohen, President of GameStop, revealed that he owns approximately 10% of the company’s stock Through his investment firm RC Ventures. Cohen said the company should explore selling itself to private equity and dismantling its BuyBuy Baby chain.

Archer Daniels Midland – Shares of the agricultural company jumped 3.9% before selling as crop prices jumped amid supply concerns due to Russia’s invasion of Ukraine.

visaAnd the Master Card Credit Card Payments shares fell in pre-market trading after the two companies announced over the weekend that they were suspending operations in Russia. Visa shares fell 2.2 percent, while MasterCard shares fell 1.7 percent.

Occidental Petroleum – Shares of the oil and gas company jumped 8 percent after it showed a regulatory file Berkshire Hathaway of Warren Buffett has significantly increased its stake recently. The giant group bought more than 61 million shares of Occidental stock from Wednesday through Friday, at prices ranging between $47.07 and $56.45. Berkshire now owns 91.2 million common shares in the oil giant.

Whiting PetroleumAnd the Petroleum Oasis Whiting and Oasis shares rose in pre-market trading after the two companies announced a merger agreement. According to a press release, the new company, valued at approximately $6 billion, will be owned by Whiting shareholders of 53% and Oasis shareholders of 47%. Whiting rose 4.9% while Oasis jumped more than 6%.

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City Group – The bank’s stock fell 2.8% in pre-market trading, outperforming its peers, after receiving Sale from Jefferies. The company said Citi appeared unlikely to meet the financial targets detailed at an investor conference last week.

CNBC’s Maggie Fitzgerald, Yun Lee and Hana Miao contributed to this report.