Roku, DraftKings Shake Shack Fall Premarket; Livent, Fastly Rise By


© Reuters.

By Peter Nurse — Stocks in focus in premarket trade on Friday, February 18th. Please refresh for updates.

  • Roku (NASDAQ:) stock slumped 25% after the video streaming device maker’s quarterly revenue disappointed, reflecting serious disruption from supply chain issues.

  • DraftKings (NASDAQ:) stock fell 14% after the sports betting company projected a larger than expected full-year loss as costs continue to rise.
  • Deere & Company (NYSE:) stock rose 1.4% after the agricultural equipment manufacturer raised its full-year profit forecast, with high grain prices set to translate into solid demand for its tractors and combines.

  • Dupont stock rose 3.3% after the industrial materials maker announced it will sell its mobility and materials unit for $11 billion to Celanese (NYSE:), up 3%, as it adjusts its portfolio.

  • NatWest (NYSE:) ADRs fell 2.8% after the lowered its cost-cutting target, citing inflation pressures, overshadowing the announcement of a final dividend of and another 750 million pounds ($1.02 billion) in share buybacks.

  • Redfin (NASDAQ:) stock slumped 26% after RBC downgraded its stance on the real estate brokerage to ‘sector perform’ from ‘outperform’, saying the bull case for the stock is “broken”.

  • Charles Schwab (NYSE:) stock rose 1.1% after Deutsche Bank issued a ‘buy’ call on the financial services company, saying it could be a good bet as the Federal Reserve starts lifting interest rates.

  • Virgin Galactic (NYSE:) stock rose 1.3% following the announcement that chairman Chamath Palihapitiya is stepping down from the space tourism company’s board of directors, effective immediately.

  • Fastly (NYSE:) stock rose 2.6%, rebounding after the Cloud company lost a third of its value in the previous session. The drop has gone too far, said Raymond James, and investors should take advantage of this. RJ sees 80% potential upside.

  • Shake Shack (NYSE:) stock fell 14% after the burger chain forecast first-quarter revenue below expectations, as the Omicron surge kept diners away.

  • Livent (NYSE:) stock rose 8.7% after the lithium producer forecast healthy growth in its revenue for 2022 after a strong fourth-quarter performance.

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