Investing.com - Stocks in focus in pre-market trade Tuesday:
• Facebook (FB) stock fell 1.32% by 8:28 AM ET (12:28 GMT) as The Washington Post reported that federal investigators are widening their inquiries with the FBI, SEC and FTC joining the Department of Justice investigation into its data sharing practices.
• Campbell Soup (CPB) stock jumped 4.2% on a New York Post report that activist investor Dan Loeb’s Third Point hedge fund was in talks with shareholders to explore a possible sale of the company.
• Twitter (TWTR) stock rose 0.96% as Wells Fargo lifted its price target by $10 to $42. With a recommendation of market perform, these analysts said the increase in the price target was because “progress on turn-around clear” with the firm currently succeeding in re-engaging agencies and markets.
• Amazon (AMZN) stock gained 0.65% after announcing that its Prime Day - its annual shopping event with special discounts for premium members - will begin at 3:00 PM ET (19:00 GMT) on July 16 for 36 hours and will include select deals at Whole Foods Market (WFM).
• Acxiom (ACXM) stock soared 6.99% after announcing an agreement to sell its marketing solutions business to Interpublic Group (IPG) for $2.3 billion.
• Herman Miller (MLHR) stock skyrocketed 9.58% after the firm reported record net sales that beat consensus expectations. Earnings per share, excluding extraordinary items, settled at $0.66 in the fiscal fourth quarter, beating forecasts for $0.58.
• Great Lakes Dredge & Dock (GLDD) stock jumped 4.86% after the company announced it was awarded projects worth $164 million.
