DoorDash, DraftKings, Deere and AutoNation rise premarket; Moderna falls
By Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Friday, February 17th. Please refresh for updates.
DoorDash (NYSE:DASH) stock rose 5.3% after the online food delivery company reported healthy fourth quarter growth, forecast strong future orders and said it would buy back $750 million worth of stock.
DraftKings (NASDAQ:DKNG) stock rose 8.1% after the sports betting firm recorded a smaller loss than expected in the fourth quarter, and lifted its 2023 sales outlook.
Deere (NYSE:DE) stock rose 2.2% after the maker of agricultural machinery raised its earnings guidance as sustained high crop prices are seen keeping farmers spending.
AutoNation (NYSE:AN) stock rose 4.5% after the auto retailer reported a 2% rise in quarterly revenue, helped by demand for new vehicles, spare parts, and services.
Moderna (NASDAQ:MRNA) stock fell 5.52% after the drugmaker's influenza vaccine candidate posted disappointing results in clinical trials.
Applied Materials (NASDAQ:AMAT) stock rose 1.4% after the semiconductor equipment maker reported better-than-expected results for its fiscal first quarter, and provided strong revenue guidance.
Tesla (NASDAQ:TSLA) stock fell 0.9% after the electric car manufacturer recalled more than 362,000 U.S. vehicles to update its Full Self-Driving Beta software after U.S. regulators said it could cause crashes.
Texas Roadhouse (NASDAQ:TXRH) stock fell 5.1% after the restaurant chain disappointed with its fourth quarter earnings, citing commodity inflation and higher wages.
HubSpot (NYSE:HUBS) stock rose 11% after the software developer's quarterly earnings and guidance smashed expectations.
CH Robinson (NASDAQ:CHRW) stock fell 2.1% after JPMorgan downgraded its stance on the transportation stock to 'underweight' from 'neutral', saying it faces significant headwinds this year.
Roku (NASDAQ:ROKU) stock rose 2.5% after Bank of America upgraded its stance on the streaming device maker all the way to 'buy' from 'underperform', as it sees ad spending improving throughout the year.
Manchester United (NYSE:MANU) stock rose 3.4% after the Daily Telegraph newspaper reported that Saudi Arabia has submitted a bid for the storied soccer club ahead of Friday's deadline.
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