By Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Monday, January 10th. Please refresh for updates.
Lululemon Athletica (NASDAQ:LULU) stock fell 6% after the athletic apparel retailer warned that its holiday quarter results will be hit as the Omicron variant of the coronavirus forced it to cut down on staffing and store hours.
Zynga (NASDAQ:ZNGA) stock soared over 50% after Take-Two Interactive (NASDAQ:TTWO), down 10%, announced plans to buy the video games developer for $12,7 billion in cash.
Airbnb (NASDAQ:ABNB) stock fell 3.2% after Piper Sandler downgraded its stance on the online housing marketplace to “neutral” from “overweight”, with the stock up over 12% over the last year.
Moderna (NASDAQ:MRNA) stock rose 0.9% after the drugmaker announced it had lifted its revenue forecast for 2022, seeing advanced purchase agreements of $18.5 billion, up from $17 billion announced in November.
Nike (NYSE:NKE) stock fell 2.6% after HSBC downgraded its stance on the sports footwear manufacturer to “hold” from “buy”, citing lingering production issues and slowing demand in China.
Tilray (NASDAQ:TLRY) stock rose 8.1% after the cannabis producer reported an unexpected quarterly profit, with revenue up by 20% from a year earlier.
ViacomCBS (NASDAQ:VIAC) stock rose 3.5% after Deutsche Bank upgraded its stance on the media giant to “buy” from “hold”, citing positive prospects for its streaming business and the potential for further industry consolidation.
Apria (NASDAQ:APR) stock rose over 24% after the home healthcare provider agreed to be bought by Owens&Minor (NYSE:OMI), down 4.6%, for around $1.5 billion in cash.
Beam Therapeutics (NASDAQ:BEAM) stock rose 5.5% after the gene-editing specialist agreed a deal with Pfizer (NYSE:PFE), which could be worth around $1.35 billionRelated Articles
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