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These Stocks Are Moving the Most Today: Occidental, Berkshire Hathaway, PacWest, AMC, PayPal, and More

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Warren Buffett tamped down speculation that his conglomerate, which owns 24% of Occidental Petroleum, wants to buy the entire company.

Callaghan O’Hare/Bloomberg

Stock futures traded mostly higher Monday following a surge on Wall Street following strong U.S. payrolls data. Traders this week will be looking ahead to crucial inflation data from the world’s largest economy.

These stocks were poised to make moves Monday: 

Occidental Petroleum (OXY) was down 1% in premarket trading after Berkshire Hathaway  (BRK.B) CEO Warren Buffett tamped down speculation that his conglomerate, which owns roughly 24% of  Occidental Petroleum (OXY), wants to buy the entire company.

Berkshire Hathaway was rising 1.2%. The company reported that operating profit after taxes rose 12.6% to $8.1 billion in the first quarter on higher investment income and increased insurance profit.

PacWest Bancorp (PACW) was rising 13.7% in premarket trading after the regional lender said it was reducing its dividend. The bank, which saw its shares surge 82% on Friday, also said in a statement that its “business remains fundamentally sound.”

AMC Entertainment (AMC) was down 3.2% in premarket trading after the movie theater chain said it reached an agreement to settle a putative stockholder class action over converting AMC Preferred Equity Units (APE) into common shares, and a proposed 10-to-1 reverse stock.

BioNTech (BNTX), Dish Network (DISH), and Tyson Foods (TSN) will be reporting earnings before Wall Street opens Monday, while PayPal (PYPL), Skyworks Solutions (SWKS), Palantir Technologies (PLTR), Western Digital (WDC), and Lucid (LCID) are scheduled for after the closing bell.

Write to Joe Woelfel at joseph.woelfel@barrons.com