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.