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Stocks to Watch: PayPal Holdings, iRobot, Johnson & Johnson, Lions Gate Entertainment and More

By James Willhite and Allison Prang 

Here are some of the companies with shares expected to trade actively in Wednesday's session. Stock movements noted by ticker reflect movements during regular trading hours; premarket trading is specified separately.

PayPal Holdings -- Down 0.5% Premarket: The company said Tuesday it is expecting to report a $228 million pretax loss in the third quarter, or a pretax loss of 15 cents a share, from strategic investments.

iRobot -- Down 6% Premarket: Raymond James lowered its rating on iRobot shares to underperform, down from market perform, and said it doesn't expect the premium multiple the company's shares have been trading at to hold.

Johnson & Johnson -- Down 2% premarket: A Philadelphia jury on Tuesday ordered the health-care firm to pay $8 billion in damages to a man who said his use of J&J's antipsychotic Risperdal caused enlarged breasts. It was the biggest award to date among more than 13,000 lawsuits alleging the drug caused a condition called gynecomastia in boys.

Lions Gate Entertainment -- Up 7.3% Premarket: The entertainment company behind the "John Wick" and "Hunger Games" franchises is considering splitting off its Starz premium cable channel into a separate company, as it looks to reduce its hefty debt load.

General Motors -- Up 0.6% Premarket: The lead negotiator of the United Auto Workers said Tuesday the union was pushing the auto maker to make a firmer commitment to building vehicles in the U.S., while workers remain on a strike that has lasted more than three weeks.

Activision Blizzard -- Down 0.5% Premarket: The videogame company Tuesday suspended an esports competitor from one of its tournaments for backing antigovernment protesters in Hong Kong.

This is a version of the "Stocks to Watch" section of our Markets newsletter. To receive it every morning via email, click here.

Write to James Willhite at james.willhite@wsj.com and Allison Prang at allison.prang@wsj.com

 

(END) Dow Jones Newswires

October 09, 2019 09:06 ET (13:06 GMT)

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