Stocks in focus in pre-market trade Friday:
· Tesla (NASDAQ:TSLA) stock slumped 12.36% as of 8:15 AM ET (12:15 GMT) after its Chief Executive Elon Musk was sued by the U.S. Securities and Exchange Commision for securities fraud relating to a tweet in which Musk said he had “funding secured” to take the company private.
· Eli Lilly (NYSE:LLY) stock inched up 0.11% after the company received clearance from the U.S. Food and Drug Administration to sell its migraine drug.
· BlackBerry (NYSE:BB) stock rose 2.26% after the company posted higher-than-expected revenue.
· JC Penney (NYSE:JCP) stock fell 2.88% after the company announced its Chief Financial Officer, Jeffrey Davis, is resigning to pursue a new opportunity, just a year-and-a-half after taking the job.
· Pfizer (NYSE:PFE) stock could be active after its once-daily oral drug to treat a form of lung cancer was approved by the U.S. Food and Drug Administration.
· Novo Nordisk (NYSE:NVO) stock slipped 0.7% after the company announced it was eliminating 250 jobs in the U.S.
