DoorDash, Arm, and PayPal are among the stocks making the biggest moves premarket on September 19. DoorDash shares are up more than 5%, while Arm shares are down more than 2%. PayPal shares are up slightly.
DoorDash
DoorDash is a food delivery company that has seen its business boom during the COVID-19 pandemic. The company’s shares have been on a tear in recent months, and the premarket move suggests that investors are still bullish on the stock.
The premarket move could be due to a number of factors. First, DoorDash is scheduled to report its second-quarter earnings on September 21. Analysts are expecting the company to post strong results, which could send the stock even higher.
Second, DoorDash is facing increasing competition from rivals such as Uber Eats and Grubhub. However, DoorDash has a strong market share and is well-positioned to continue to grow.
Arm
Arm is a British semiconductor company that is being acquired by Nvidia. The deal is still pending regulatory approval, but it is expected to close in early 2023.
The premarket move in Arm shares is likely due to concerns about the regulatory approval process. Some analysts have expressed concerns that the deal could be blocked by antitrust regulators.
However, other analysts believe that the deal is likely to be approved, and that Arm shares could be a good value for investors.
PayPal
PayPal is a digital payments company that has been struggling in recent months. The company’s shares have fallen by more than 50% from their all-time high.
The premarket move in PayPal shares is likely due to the fact that the company is scheduled to report its third-quarter earnings on October 25. Analysts are expecting the company to post weak results, which could send the stock even lower.
However, some analysts believe that PayPal shares could be a good value for investors. The company has a strong brand and a large customer base.
DoorDash, Arm, and PayPal are among the stocks making the biggest moves premarket on September 19. DoorDash shares are up more than 5%, while Arm shares are down more than 2%. PayPal shares are up slightly.
Investors should carefully consider their own investment objectives and risk tolerance before making any investment decisions.
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