HCA Healthcare and P&G

Stocks of HCA Healthcare and P&G increase after the release of results, while shares of Tesla attempt to recover, along with other market movers.

The following are some of the most notable price changes that occurred on Thursday, with a decline in Tesla stock shaking up the overall market.

Stocks gaining:

In premarket trading, the share price of HCA Healthcare Inc. HCA, -0.81% surged 7.1% towards a record high after the hospital operator reported a profit that above analysts’ projections and raised its expectation for the whole year. This profit was driven by an increase in the number of visits to emergency rooms, surgeries, and admissions.

BuzzFeed Inc. shares BZFD, -19.71% increased by 2.6% on a day when the digital-media company’s stock dropped by 25% due to the company’s decision to eliminate jobs and close its news division.

The shares of Procter & Gamble firm PG, +0.37% increased by 2.2% after the consumer goods major reported results for its fiscal third quarter that above both the top and bottom projections of Wall Street, and after the firm raised its outlook for full-year sales.

After falling 9.75% on Thursday due to the electric vehicle manufacturer raising pricing on select models, Tesla Inc. shares TSLA, -9.75% were up 0.8% in premarket trade on Friday. This comes after the shares fell 9.75% on Thursday. After a different set of price cuts earlier in the week, the manufacturer of electric vehicles (EV) said late Thursday that it will be increasing the prices of its premium Model S and X automobiles in the United States. The day before, Tesla shares dropped precipitously as CEO Elon Musk stated he would prioritise increasing market share over increasing profitability. On Friday, Truist Securities became the most recent firm on Wall Street to lower its price target, and it also changed its recommendation about the electric vehicle manufacturer from buy to hold.

Stocks falling:

During premarket activity, the share price of Regions Financial Corp. (RF, -1.72%) dropped by 1.7%. The local bank claimed an increase in profits for the first quarter of the year as a result of stable deposits despite the current financial crisis; however, the bank did not meet its profitability target.

After it was reported that Chief Executive Officer Mark Zuckerberg suggested the technology giant may not be through laying off staff, shares of Meta Platforms Inc. META, -1.22% plummeted by 1.4%. The business’s most recent round of 4,000 layoffs occurred this week, and another wave is expected to occur in May.

Schlumberger Ltd.’s stock SLB, -1.25% fell 1%. The oil-field services company announced adjusted profits per share and revenue for the first quarter that came in higher than expected; but, cash flow from operations came in lower than anticipated.

Shares of Autoliv Inc. ALV, -1.05% fell 5.5% after the automotive safety systems business reported first-quarter sales that exceeded estimates and earnings that met expectations, but said cash flow turned negative. This caused investors to be concerned about the company’s future prospects.