Check out the companies making headlines in morning trading.
AMC Entertainmentdenied a proposed settlement related to AMC Entertainment’s plan to convert preferred shares into common stock. The company said it has filed a revised stock plan. Preferred shares lost about 2% before the bell.
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Mattelstrong opening-weekend box office numbers. Warner Bros. Discovery
Tesladowngraded shares to an underweight rating, saying the recent uptick fully accounts for the demand boost prompted by recent price cuts.
ShopifyMoffettNathanson upgraded shares to an outperform rating, saying Shopify’s enterprise business is approaching an inflection point.
Chevronannounced long-time company veteran Eimear Bonner would become the chief financial officer next year. The company reported preliminary second-quarter earnings results Sunday evening. Chevron posted adjusted earnings of $3.08 a share, which topped analysts’ estimates.
— CNBC’s Alex Harring and Hakyung Kim contributed reporting.