Tesla, Oracle, DiDi and More : U.S. Stocks To Watch

Benzinga2022-06-13

Some of the stocks that may grab investor focus today are:

Tesla has filed for a 3-for-1 stock split as part of its SEC filings for an upcoming annual meeting on last Friday. It's also added that Larry Ellison won't stand for re-election to the board, and the company will therefore reduce the board's composition to seven seats. Ellison and the board made that determination together in June, the company says.

Chinese ride-hailing giant Didi Global will start trading on the over-the-counter market (OTC) on Monday, more than two weeks after its shareholders voted to delist the company from the New York Stock Exchange (NYSE). That move was announced on Friday in the US by Chicago-based Options Clearing Corp, the world's largest equity derivatives clearing house, which said the Chinese firm's trading symbol will change from "DIDI" to "DIDIY" effective at the opening of business on June 13.

Wall Street expects Oracle Corporation to post quarterly earnings at $1.37 per share on revenue of $11.67 billion after the closing bell. Oracle shares gained 0.2% to $67.25 in after-hours trading.

Revlon, Inc. is preparing to file for Chapter 11 bankruptcy protection as early as next week, according to the Wall Street Journal, citing people familiar with the matter. Revlon shares dipped 52.8% to close at $2.05 on Friday, falling further by 7.3% in the after-hours trading session.

Analysts are expecting Zedge, Inc. to have earned $0.07 per share on revenue of $5.40 million for the latest quarter. The company will release earnings after the markets close. Zedge shares dropped 8.5% to close at $4.72 on Friday.

Deckers Brands promoted Angela Ogbechie to the newly created role of Chief Supply Chain Officer. The company also said David Lafitte will step down as Chief Operating Officer. Deckers Brands shares dropped 0.7% to $268.00 in after-hours trading.

Analysts expect Braze, Inc. to post a quarterly loss at $0.21 per share on revenue of $72.57 million after the closing bell. Braze shares rose 0.5% to $32.89 in after-hours trading.

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