By Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Thursday, October 7th. Please refresh for updates.
Levi Strauss (NYSE:LEVI) stock rose 4.4% after the jeans retailer beat third-quarter revenue and profit estimates late on Wednesday, helped by an uptick in back-to-school demand as well as people refreshing their wardrobes as they returned to public life.
Amazon (NASDAQ:AMZN) stock rose 1.3% with investors buoyed by the retail giant’s assurances that no login credentials or credit card details were compromised following a data hack at Twitch Interactive, a company it acquired in 2014 for about $970 million.
Twitter (NYSE:TWTR) stock rose 2.4% after the social media giant announced plans to sell mobile ad company MoPub to AppLovin Corp for $1.05 billion, seeking to focus more on advertisements on its own app and website.
Conagra Brands (NYSE:CAG) (SA:C1AG34) stock rose 1.7% after the food company beat quarterly sales expectations, with its frozen meals and snacks boosted by sustained at-home cooking trends.
Tilray (NASDAQ:TLRY) stock rose 2.4% after the cannabis producer reported a 43% rise in first-quarter revenue, driven by strong demand after coronavirus-led lockdowns.
Meredith (NYSE:MDP) stock rose 6.3% following the news that the media company is set to be acquired by IAC's digital media arm Dotdash in a deal valued at about $2.7 billion. IAC (NASDAQ:IAC) stock was up 1.8%
Rocket Lab USA (NASDAQ:RKLB) stock rose 8.2% following an announcement that the space company was selected to launch NASA’s Advanced Composite Solar Sail System, paving the way for sunlight to power future deep space exploration.
Five Below (NASDAQ:FIVE) stock rose 3.8% on the back of Morgan Stanley (NYSE:MS) upgrading its investment stance on the discount store to ‘overweight’ from equal weight’, saying it could be an outperform in the sector, potentially rising 30%.