IBM, Intel and Ford Fall Premarket

© Reuters.

By Peter Nurse — Stocks in focus in premarket trade on Friday, January 22nd. Please refresh for updates.

  • Intel (NASDAQ:) stock fell 4.8% after the tech giant disclosed that financially sensitive information was stolen by a hacker from its corporate website, while also announcing plans to do more licensing deals with rivals.

  • IBM (NYSE:) stock fell 8.4% after the tech company missed Wall Street estimates for quarterly revenue late Thursday, hurt by a rare sales decline in its software unit.

  • Ford Motor Company (NYSE:) stock fell 0.8% after the auto giant said it will recall 3 million vehicles for airbag inflators that could rupture, at a cost of $610 million.

  • Seagate Technology (NASDAQ:) stock dropped 4.5% after the data storage company offered disappointing guidance for the third quarter, despite its fiscal second quarter results beating on top and bottom lines.

  • Schlumberger (NYSE:) stock fell 2.4% despite the oil services firm beating quarterly expectations on both the top and bottom lines. However, the sector is weaker as crude prices head sharply lower.

  • MicroStrategy (NASDAQ:) stock fell 1.1% on the drop in bitcoin’s value. The business analytics company made over $1 billion in bitcoin purchases during 2020.

  • PPG Industries (NYSE:) stock fell 3.9% after the paint and coatings maker noted that reduced levels of driving due to the pandemic weighed on its car paint business.

  • Siemens (OTC:)ADR rose 1.6% after the German engineering giant’s two main units reported higher-than-expected first-quarter profit, moving the company to say it will review its 2021 guidance.
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