Stocks – Gamestop, American Eagle, Chevron Slump Premarket

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© Reuters. © Reuters. — Stocks in focus in premarket trade on Wednesday, 11th December.

  • Chevron (NYSE:) stock was set to open down between 4.5% and 5% after announcing it would take a charge of between $10-$11 billion, over half of which relates to its Appalachian gas assets.
  • American Eagle Outfitters (NYSE:) stock was down 6.7% after it said weak demand for its core brand forced It into deeper discounting during the holiday period.
  • Home Depot (NYSE:) stock was down 1.8% after the company said fiscal 2020 sales would grow by between 3.5% and 4%. That’s less than the Wall Street consensus of 4.3%.
  • AT&T (NYSE:) stock was up 0.2% after it said it wanted to retire 100 million shares during the first quarter of 2020.
  • Dropbox (NASDAQ:) stock was down 2.0% after it announced that Chief Customer Officer Yamini Rangan will resign. She’ll stay on until the end of the year.
  • GameStop (NYSE:) stock was down 17% after same-store sales fell 23% in the three months to October, as customers put off console purchases awaiting a round of new launches leading the company to slash its profit outlook for the year. The secular shift to digital downloads of games also weighed as it swung to a loss of 49c per share.
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