By Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Friday, February 12th. Please refresh for updates.
Walt Disney (NYSE:DIS) stock rose 1.9% after the entertainment giant recorded a surprise quarterly profit late Thursday, as its fast-growing streaming business outweighed the Covid-inspired damage to its theme park and cruise operations.
Bumble (NASDAQ:BMBL) stock rose 4.7%, continuing to move higher after the dating app company’s IPO raised $2.2 billion, pricing well above expectations. The stock gained over 60% on its debut Thursday.
- Virgin Galactic (NYSE:SPCE) stock fell 9% after Bloomberg reported that the company's next spaceflight test has been cancelled.
Pfizer (NYSE:PFE) stock rose 0.2% and Moderna (NASDAQ:MRNA) stock climbed 1.7% after President Joe Biden announced that the U.S. had finished deals for 100 million additional vaccine doses from each of the two drug makers and that they would deliver new and existing orders quicker than projected.
Expedia (NASDAQ:EXPE) stock fell 0.5% after the online travel agency posted a bigger-than-expected quarterly loss after the bell Thursday as bookings slumped following a resurgence in Covid-19 infections and renewed lockdowns.
Chevron (NYSE:CVX) stock fell 0.5% and Exxon Mobil (NYSE:XOM) stock fell 0.9%, falling as oil prices headed south on demand fears.
Coherent (NASDAQ:COHR) stock rose 14% after the Wall Street Journal reported that electronics component maker II-VI (NASDAQ:IIVI) is planning a $6.5 billion bid for the laser maker.
Affirm (NASDAQ:AFRM) stock fell 5.6% after the financial technology company reported a loss of 45 cents per share in its first results since going public on Jan. 13.
Bausch Health (NYSE:BHC) stock rose 5.5% after influential investor Carl Icahn bought a 7.8% stake in the pharmaceutical company, according to a Securities and Exchange Commission filing.
Tilray (NASDAQ:TLRY) stock fell 3.1% while Aurora Cannabis (NYSE:ACB) stock fell 7.9%, with the cannabis sector still seeing volatile trading as the week’s bid up peters out.