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Meta Platforms, Zillow, Walt Disney rise premarket; Blue Apron falls

Investing.com
·1 min read

By Peter Nurse

Investing.com -- Stocks in focus in premarket trade on Monday, February 13th. Please refresh for updates.

Meta Platforms (NASDAQ:META) stock rose 2% after the Financial Times reported that the social media giant has delayed setting team budgets as it prepares for a fresh round of layoffs.

Walt Disney (NYSE:DIS) stock rose 0.56% after JPMorgan resumed coverage of the entertainment giant with an 'overweight' rating, saying it can surge 20% as streaming losses ease.

Blue Apron (NYSE:APRN) stock fell 19.62% after the meal kit company announced an up to $70 million share offering.

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Check Point Software Technologies (NASDAQ:CHKP) stock rose 0.7% after the company announced the $2 billion expansion of its share repurchase program.

XPO (NYSE:XPO) stock fell 0.3% after Morgan Stanley downgraded its stance on the logistics company to 'equal-weight' from 'overweight', calling it a "show me story" after the latest quarter.

Zillow (NASDAQ:ZG) stock rose 5.07% after Evercore ISI upgraded the real-estate marketplace to 'outperform' from 'in line', saying it could jump 40% on a 'rapid recovery' in the housing market.

Palantir Technologies (NYSE:PLTR) stock rose 1.07% ahead of the data analysis company's quarterly earnings later Monday.

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