Investing.com - Stocks in focus in premarket trade Tuesday:
• Target (NYSE:TGT) stock soared 6.70% by 8:14 AM ET (13:14 GMT) after the company reported better-than-expected comparable store sales for the fourth quarter and provided a forecast for full-year profit that topped estimates.
• Hertz Global (NYSE:HTZ) sank 7.95% after SEC filings showed that activist investor Carl Icahn’s investment firms sold off 5 million shares, dropping his total stake to 28.91%.
• GameStop (NYSE:GME)stock jumped 5.36% after the company announced a new $300 million stock repurchase program, replacing the $170 million remaining in the prior authorization.
• Kohl's (NYSE:KSS) stock advanced 5.16% after quarterly earnings beat on the top and bottom lines.
• Aurora Cannabis (NYSE:ACB) stock gained 4.57% after Cowen initiated coverage on the stock with an outperform rating and put the company on its list of top picks, according to CNBC.
• Salesforce.com (NYSE:CRM) stock slumped 1.20% after the company provided a weak guidance for the first quarter.
• Papa John's (NASDAQ:PZZA) stock may see movement in the regular session after the company announced that it had reached a settlement agreement for its former chairman John Schnatter to resign from the board if a mutually acceptable independent director could be found.