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Apple, Lyft Rise Premarket; Aurora Cannabis Falls

Published 11/11/2020, 08:11 AM
Updated 11/11/2020, 08:12 AM

By Peter Nurse -- Stocks in focus in premarket trade on Wednesday, November 11th. Please refresh for updates.

  • Apple (NASDAQ:AAPL) stock rose 1.5% as it launches its new generation of Mac books, powered by chips that have been developed in-house.

  • Alibaba (NYSE:BABA) ADRs fell 0.3% as record-breaking sales at its annual Singles Day shopping event offset some of the damage from new draft regulations n anti-competitive behavior from the Chinese government that threaten to squeeze its profitability.

  • Boeing (NYSE:BA) stock rose 1.4% despite the Wall Street Journal reporting that the aircraft manufacturer could face new safety-related penalties from U.S. aviation authorities, even as they prepare to allow its 737 MAX fleet back in the air.

  • Lyft (NASDAQ:LYFT) stock rose 5.2% after the ride-hailing company reported a rise in revenue in the third quarter, helped by the easing of coronavirus shutdowns eased in some cities. It also said it was working on developing a new food delivery service.

  • Aurora Cannabis (NYSE:ACB) stock fell 17% after the Canada-based cannabis producer announced plans to raise $125 million through a secondary stock offering.  

  • JPMorgan Chase (NYSE:JPM) stock rose 0.6% after global regulators decided the U.S. bank was no longer the world's most systemically-important bank, easing its capital burden.

  • Revlon (NYSE:REV) stock fell 7.3%, giving back some of Tuesday’s 48% gains, after the cosmetics maker negotiated with its creditors to cut its debt load. Bondholders were supposed to decide by midnight whether to accept the deal.

  • Qualcomm (NASDAQ:QCOM) stock rose 2.1% after U.S. satellite TV provider Dish Network (NASDAQ:DISH), up 3.3%, agreed to partner it in efforts to build its 5G network using open and cloud-based platforms by 2023.

  • Lemonade (NYSE:LMND) stock rose 1.6% after the mobile-based insurer reported a smaller than expected loss, while also providing a better than expected current quarter outlook.

  • Tapestry (NYSE:TPR) stock rose 3.9% after investment bank Cowen upgraded its investment stance to ‘outperform’ from ‘market perform’, citing its favorable pricing and profit margin mix.


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