By Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Wednesday, November 25th. Please refresh for updates.
Gap (NYSE:GPS) stock fell 9.8% after the retailer reported disappointing quarterly profit figures as a move to online sales fueled a surge in marketing and shipping costs.
Nikola (NASDAQ:NKLA) stock slumped 14% after its CEO Mark Russell failed to reassure investors that General Motors (NYSE:GM) won’t pull out of the $2 billion deal with the electric truck maker. There are also worries that former CEO and founder Trevor Milton will sell some of his large holding.
Dell Technologies (NYSE:DELL) stock rose 0.2% after the tech company reported third-quarter earnings and revenue figures ahead of expectations, helped by strong sales of its hardware as people worked from home.
Hewlett Packard (NYSE:HPE) stock rose 0.2% after the information technology company lifted its guidance after reporting better second-quarter results as the pandemic-fueled work from home trend boosted demand for laptops.
Nordstrom (NYSE:JWN) stock rose 5.9% after the retailer returned to profit in the third quarter, helped by a boost in sales from its online platform.
American Eagle (NYSE:AEO) stock fell 3.6% after the clothes retailer saw a drop in third-quarter revenue of around 3%, as store traffic was hit hard by the pandemic.
Deere (NYSE:DE) stock rose 1.3% after the manufacturer of heavy equipment reported a strong outlook for 2021, helped by improving demand for farm equipment.
- Canada Goose (NYSE:GOOS) stock fell 4.5% after investment bank BTIG downgraded its stance on the retailer of winter clothing to 'sell' from 'buy', citing a warmer than usual start to the winter season.