By Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Wednesday, January 13th. Please refresh for updates.
Urban Outfitters (NASDAQ:URBN) slumped 8.9% after the retailer reported disappointing holiday sales and announced its current chief executive is set to depart at the end of the month.
Visa (NYSE:V) stock rose 0.4% after the payments giant ended its plan to takeover financial technology company Plaid following a U.S. government lawsuit aimed at stopping the proposed $5.3 billion deal on antitrust grounds.
Johnson & Johnson (NYSE:JNJ) stock rose 0.3% after EU Health Commissioner Stella Kyriakides stated the U.S. drugmaker is likely to apply for EU approval for its Covid-19 vaccine candidate in February. The New York Times also reported that J&J may not be able to supply as many doses it promised the U.S. government by spring.
Target (NYSE:TGT) stock fell 0. 1% despite the retailer saying its comparable sales rose 17.2% in November and December as online sales more than doubled during the holiday period.
Regeneron (NASDAQ:REGN) stock rose 2.7% after the pharmaceutical company said the U.S. government has agreed to buy an additional 1.25 million doses of the company's Covid-19 antibody cocktail.
American Tower (NYSE:AMT) stock rose 0.1% after the company agreed to buy Telefonica’s mobile phone masts in Europe and Latin America for 7.7 billion euros ($9.41 billion) in cash.
Exxon Mobil (NYSE:XOM) stock rose 0.4% after JPMorgan Chase (NYSE:JPM) upgraded its investment stance on the oil major to ‘overweight’ from ‘neutral’, citing cuts in capital spending leading to a stronger performance.
General Motors (NYSE:GM) stock rose 3.3% after the automaker announced its entry into the growing electric delivery vehicle business.
Alphabet (NASDAQ:GOOGL) stock fell 0.3% after the tech giant’s YouTube unit suspended President Trump’s channel in the wake of the violence on Capitol Hill last week.
- Netflix (NASDAQ:NFLX) stock fell 0.7% after the latest Nielsen data showed the company had 28% of consumer video streaming time in December, down from 31% in December 2019.