Adobe, Fox and Smith & Wesson Rise Premarket By Investing.com – Investing.com
- Date: 18-Jun-2021
- Source: Investing.com
- Sector:Transport
- Country:Middle East
Adobe, Fox and Smith & Wesson Rise Premarket By Investing.com – Investing.com
© 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,