© Reuters.
By Peter Nurse
Investing.com — Stocks in focus in premarket trade on Thursday, August 12th. Please refresh for updates.
-
Palantir Technologies (NYSE:) stock rose 9.5% after the data-analytics company reported a 49% jump in second-quarter revenue year-over-year and also lifted its full-year free cash flow outlook.
-
Lordstown Motors (NASDAQ:) stock rose 5.7% after the electric vehicle maker’s top management revealed plans to enter contract manufacturing as well as leasing out its gigantic plant in Ohio.
-
Baidu (NASDAQ:) stock fell 1.9% after the internet search giant offered up a disappointing outlook for the current quarter, weighed by the resurgent pandemic outbreak in China.
-
eBay (NASDAQ:) stock fell 1.7% after the e-commerce platform’s April-June revenue figures and outlook for the ongoing quarter both disappointed.
-
Virgin Galactic (NYSE:) stock rose 0.1% after Wednesday’s sharp losses. However, Credit Suisse reinstated coverage of the space travel company with a ‘neutral’ rating, saying the stock will struggle to rise until its flight schedule is ramped up.
-
Micron (NASDAQ:) stock fell 2.7% after Morgan Stanley downgraded its stance on the tech company to ‘equal weight’ from ‘overweight’, saying the memory chip market is due for a slowdown.
-
Wendy’s (NASDAQ:) stock rose 1% after Evercore ISI upgraded its stance on the restaurant chain to ‘outperform’ from ‘in line’, saying the company is poised to grow in the future.
-
DoorDash (NYSE:) stock rose 2% following a report that the food delivery company has held talks to buy grocery delivery firm Instacart for a likely price of between $40 billion and $50 billion.
-
Clover Health (NASDAQ:) stock soared 16% after the healthcare company reported a doubling of revenue and memberships in the second quarter.
- Utz Brands (NYSE:)stock fell 4.5% after the snack food manufacturer missed quarterly earnings estimates, expecting costs to remain elevated for the remainder of the year.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.