June 17, 2024

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Target, Tesla, General Motors, DocuSign, and more

Target, Tesla, General Motors, DocuSign, and more

Shopping carts outside a Target store in Queens, New York, US, on Saturday, May 13, 2023. Target Corp. reported earnings numbers on May 17.

Bing Guan | bloomberg | Getty Images

Check out which companies are making headlines in pre-market trading.

Tesla, General Motors — Shares of the automakers were higher in premarket trading, with gains of 5.7% and 5%, respectively. General Motors on Thursday announced plans to use Tesla’s electric vehicle charging network and said its vehicles will also use a standard North American Tesla charging port in its vehicles starting in 2025.

Corning – Shares of the glass materials maker added 3.2 percent after the upgrade from Morgan Stanley, which called the company’s business “distorted.”

DocuSign — Shares of the e-signature provider rose nearly 5% pre-market after the company reported earnings and revenue that beat analyst estimates for the fiscal quarter ended April 30, issued optimistic guidance and announced a host of new service offerings and C-suite designations.

Adobe — Shares of the software company gained more than 3% after Wells Fargo upgraded the stock Friday morning to overweight, according to StreetAccount.

Target — The retail giant fell 1.3% after Citi downgraded the stock on concerns sales may have peaked.

Nio — Shares of the electric vehicle company fell 2% in pre-market trading after it reported that vehicle sales fell 0.2% year-over-year. Vehicle margin and the company’s net loss also worsened year-over-year.

Sonoma Pharmaceuticals — The company’s stock rose nearly 33% after announcing Thursday night a new application for intraoperative pulsed lavage irrigation therapy that can replace IV bags in some surgical procedures. Sonoma said the treatment will be available in Europe this year and in the United States commercially in 2024.

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— CNBC’s Tanaya Machell and Jesse Pound contributed reporting.