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Twitter, Levi Strauss, Conagra Brands and Tilray Rise Premarket

Stock MarketsOct 07, 2021 07:58AM ET
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© Reuters.

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%.

Twitter, Levi Strauss, Conagra Brands and Tilray Rise Premarket
 

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ron king
ron king Oct 07, 2021 9:29AM ET
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tilray did not move. false info
 
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