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Stocks making the biggest moves in the premarket: Morgan Stanley, BlackRock, Abbott Labs & more

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The stocks making the biggest moves in premarket trading include Morgan Stanley, BlackRock, Abbott Laboratories, and more.

– Bed Bath & Beyond earned an adjusted 38 cents per share for its fiscal fourth quarter, beating the consensus estimate of 20 cents a share. Revenue also exceeding Wall Street forecasts, however same-store sales fell 5.6% for the quarter, just before the pandemic shut down large parts of the U.S. economy. The company said the outbreak would negatively impact its results for the rest of this year.

– Hertz is seeking help from the government to avoid bankruptcy, according to sources who spoke to the New York Post. The car rental giant is said to be facing a budget shortfall of up to $1.5 billion in the coming months. – Mylan named Chairman Robert Coury to the role of executive chairman, a job he had held at the drugmaker from 2012 to 2016. The company said Coury's experience would help it deal with the significant impact of the Covid-19 pandemic.

 

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