Freddie Mac, Fannie Mae, AT&T All Surge in Premarket By Investing.com

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© Reuters.


© Reuters.

Investing.com — Stocks in focus in premarket trade on Monday, 9th September.

  • AT&T (NYSE:) surged 6.7% as activist investor Elliott Management announced it had built a $3.2 billion stake in the company, targeting a share price over over $60 by the end of 2021
  • Nutanix (NASDAQ:) stock was up 6.3% after a two-notch upgrade from Susquehanna, whose analysts Mehdi Hosseini said the worst is behind the enterprise software company as it transitions to a subscription-based model
  • Fannie Mae (OTC:) stock was up 14% after Treasury Secretary Steven Mnuchin said that a deal is close to end the government’s profit sweep, and allow it to retain its earnings
  • Freddie Mac’s (OTC:) stock was up 25% on the same news.
  • Nissan Motor ADRs (OTC:) were in the spotlight after chief executive Hiroto Saikawa agreed to step down.
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