Stock futures traded higher Tuesday as equities remained under pressure amid inflation and rising global interest rates.
Here are 4 tickers trending on Yahoo Finance in premarket trading:
AMC Entertainment Holdings, Inc. (AMC): Shares of the movie theater giant and meme-stock favorite were up 3% in premarket trading Tuesday following the news that MC Entertainment Holdings Inc. disclosed a distribution agreement to sell up to 425.0 million shares of AMC Preferred Equity Units , known as “APEs.” The movie theater chain said the funds will be used “primarily to repay, refinance, redeem or repurchase the Company’s existing indebtedness.”
Twitter, Inc. (TWTR): Shares of the social network edged higher in premarket trading Tuesday as the legal battle saga between Elon Musk and Twitter continues to hold surprises. Lawyers from both parties are set to dish out several pending requests for information ahead of the October trial that will determine if the multibillionaire must carry through with his bid to buy the social media company for $44 billion. The stock has fallen nearly 3% this year.
Meta Platforms, Inc. (META): Shares of Meta moved slightly higher in premarket trading Tuesday as TikTok and the Biden administration have put together a preliminary agreement that aims to resolve national security concerns around the short-form video app, the New York Times reported. Meta Reels is the biggest competitor to Tik Tok. The stock has fallen nearly 60% this year as the great tech selloff is far from over as investors brace for earning misses.
Tesla, Inc. (TSLA): Shares of the electric-vehicle maker were flat in premarket trading following a report that Tesla Inc. shares have become a rival to Apple Inc. The stock is down 21.6% this year while Apple has fallen 15%. The EV maker has made moves on their revenue growth while coming in short on profits. In comparison, Apple has slowed but is expected to post a $100 billion in net income this fiscal year. Tesla is set to post third-quarter delivery results next month.
Dani Romero is a reporter for Yahoo Finance. Follow her on Twitter @daniromerotv