Investing.com - Stocks in focus in pre-market trade Monday:
• Tesla (NASDAQ:TSLA) stock sank 3.20% by 8:00 AM ET (12:00 GMT) as chief executive Elon Musk decided to abandon a proposed $72 billion buyout to take the electric car maker private.
• Advanced Micro Devices (NASDAQ:AMD) jumped 3.38% after the company announced its new Radeo Pro V340 graphics card and said it would be available in the fourth quarter.
• Pfizer (NYSE:PFE) stock gained 1.16% after communicating positive Phase 3 results for its drug tafamidis used to treat a rare and fatal heart disease.
• Netflix (NASDAQ:NFLX) rose 1.37% after the Wall Street Journal reported that the company was developing a system that would direct new users to subscription signups outside of Apple’s app store, avoiding commission charges.
• Johnson & Johnson (NYSE:JNJ) stock fell 0.57% as two studies to widen the patient group for its heart drug Xarelto failed to show a statistically relevant benefit.
• Berkshire Hathaway (NYSE:BRKb) stock edged forward 0.25% after a report from the Economic Times said the company was in talks to buy a $300 million stake in One97 Communications, in what would be its first investment in India.