Adobe, Fox and Smith & Wesson Rise Premarket

Adobe, Fox and Smith & Wesson Rise Premarket

© Reuters.

By Peter Nurse 

Investing.com -- Stocks in focus in premarket trade on Friday, June 18th. Please refresh for updates.

Adobe (NASDAQ:) stock rose 2.8% after the software giant easily beat second-quarter targets, benefiting from customers moving towards a digital lifestyle by offering more mobile-based applications.

Fox Corp (NASDAQ:) stock rose 1% after the entertainment announced plans to add $2 billion to its stock repurchase plan, bringing the total amount authorised to $4 billion.

Smith & Wesson (NASDAQ:) stock rose 4.5% after the gun manufacturer reported  strong quarterly results, a new share buyback program and a higher dividend. 

Lennar (NYSE:) stock rose 1.4% after Goldman Sachs (NYSE:) upgraded its recommendation on the real estate company to ‘overweight' from ‘neutral', seeing nearly 50% upside in a hot housing market.

Athira Pharma (NASDAQ:) stock slumped 39% after the company placed its Chief Executive Officer Leen Kawas on temporary leave as it completes a review “stemming from doctoral research Dr. Kawas conducted while at Washington State University.”

Delta Air Lines (NYSE:) stock rose 0.2% and Alaska Air (NYSE:) stock rose 0.2% after Wolfe Research upgraded both airlines to ‘outperform' from ‘underperform' and ‘peer perform' respectively,