Stocks to Watch Today: Activision Blizzard, Tesla, Manchester United and others

Activision Blizzard (ATVI) is facing potential legal action from the Federal Trade Commission (FTC) over Microsoft's proposed $69 billion purchase of the company. Politico reports that the FTC is likely to file a lawsuit to block the deal, citing sources familiar with the matter.Activision Blizzard shares fell 3.3% in premarket trading on the news. If the deal is ultimately blocked by the FTC, it would be a major setback for Microsoft's gaming business.

Tesla (TSLA) announced that its Full Self Driving Beta software is now available to everyone in North America. The company is still awaiting regulatory approval for cars to be driven without human control. Tesla rose 2% in premarket trading.

Manchester United (MANU) shares are on the rise again, this time by 10.8%, following reports earlier in the week that the soccer team is considering strategic options, including a possible sale. This comes after a 14.7% jump on Tuesday and a 25.8% surge on Wednesday.

According to a report in the Wall Street Journal, housewares retailer Bed Bath & Beyond is struggling to keep its stores stocked. The paper cites analytics company DataWeave numbers showing more than 40% of the retailer’s products were out of stock in October. Nonetheless, the stock rose 1% in the premarket.

Deutsche Bank's U.S.-traded shares rose 2.4% in premarket trading Wednesday, following a report by RBC Capital that said the German bank's progress in restructuring has been overlooked by investors.

Coupa Software (COUP) is on the rise again, with its stock jumping 2.7% in the premarket. This comes on the heels of a 28.9% surge on Wednesday, following a Bloomberg report that private equity firm Vista Equity Partners is considering a buyout of Coupa. It's clear that investors are bullish on the business software provider's prospects, and with good reason. Coupa has a strong track record of growth and innovation, making it an attractive target for Vista Equity Partners. Only time will tell if a deal comes to fruition, but Coupa is definitely a company to watch.