By Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Friday, February 25th. Please refresh for updates.
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Beyond Meat (NASDAQ:BYND) stock fell 10% after the maker of faux meat posted disappointing numbers for the fourth quarter with revenue falling short of expectations and its net loss more than tripling.
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Tesla (NASDAQ:TSLA) stock rose 1.4% after Daiwa upgraded its stance on the electric car manufacturer to “outperform” from “neutral”, saying the rising gasoline prices could accelerate EV demand.
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Pearson (NYSE:PSO) ADRs soared over 10% after the U.K.-based education services provider announced its intention to buy back shares worth 350 million pounds ($470 million), after achieving its 2021 targets.
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Etsy (NASDAQ:ETSY) stock soared 17% after the online marketplace for craft and vintage items easily surpassed sales and profit estimates in the fourth quarter.
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Yandex (NASDAQ:YNDX) stock rose 16%, rebounding after dropping over 40% on Thursday, with the Russian tech giant warning Russian users looking for news about Ukraine on its search engine of unreliable information on the internet.
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KAR Auction Services (NYSE:KAR) stock soared over 60% after the used car company agreed to be acquired by Carvana (NYSE:CVNA), in a $2.2 billion all-cash deal.
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Dollar General (NYSE:DG) stock rose 2.2% after Wells Fargo upgraded its stance on the discount store to “overweight” from “market perform”, saying the stock has room to rise as cost inflation fears are overdone.
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VMware (NYSE:VMW) stock fell 4.3% after the server software provider provided a muted outlook for next quarter's and next year's revenue amid a shift in revenue models.
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BP (NYSE:BP) ADRs rose 3.2% after RBC upgraded its stance on the oil major to “outperform” from “sector perform”, saying it’s likely to generate significant free cash flow in the coming years despite its Russia exposure.