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Financial News: AT&T and more premarket movers

Financial News:

AT&T and more premarket movers

fedEx

AT&T, AMC Entertainment, and UPS were the premarket leaders, according to the S&P 500.

Upon completion of the WarnerMedia/Discovery Communications merger later this year, AT&T expects to distribute its investment in the DISCA combination to its stockholders. Premarket decline was 3.5%.

AMC Entertainment's stock rallied 4.7 percent in premarket trading after the company announced better-than-expected fourth-quarter preliminary results.

In the premarket, UPS shares rose 7.4 percent after the company reported strong quarterly earnings, issued optimistic forecasts and announced a 49% dividend hike. FedEx (FDX) rose 2.5% in the premarket on UPS's positive news.

Photo: FedEx Corporation, formerly Federal Express Corporation and later FDX Corporation, is an American multinational conglomerate holding company focused on transportation, e-commerce and services based in Memphis, Tennessee.

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Content ID: 1643725207 Created Tuesday, February 01, 2022 2:20 PM UTC by Aaron Stipkovich, Updated Wednesday, February 02, 2022 2:22 PM UTC by Aaron Stipkovich.