By Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Friday, September 25th. Please refresh for updates.
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Nikola (NASDAQ:NKLA) stock rose 2.5%, rebounding after a 37% slump over the last two days, with Wall Street providing its first sell rating. Wedbush also lowered its 12-month price target to $15 from $45, citing founder Trevor Milton’s abrupt departure from the company earlier this week.
- Novavax (NASDAQ:NVAX) stock rose 9% after the company announced that it is starting a phase-3 trial of its potential coronavirus vaccine in the U.K.
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Apple (NASDAQ:AAPL) stock rose 0.5% despite the European Commission said it would appeal a court ruling which favored the tech giant in a $15 billion tax battle.
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Costco (NASDAQ:COST) stock dropped 2.3% despite posting its strongest same-store sales growth in decades, as the warehouse chain recorded high coronavirus-related costs for the second straight quarter.
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Amazon (NASDAQ:AMZN) stock rose 0.7% after unveiling a Cloud-based gaming subscription service on Thursday, as one of a handful of new products and services.
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Facebook (NASDAQ:FB) stock rose 0.4% despite critics of the social media giant, including the architects of an advertising boycott against the company, launching a rival oversight board to review the company's content moderation practices.
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Boeing (NYSE:BA) stock rose 0.9% after Europe's chief aviation safety regulator said its grounded 737 MAX could receive regulatory approval to resume flying in November and enter service by the end of the year.
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Bristol-Myers Squibb (NYSE:BMY) stock rose 1.8% after the company’s Opdivo drug offered positive results in treating bladder cancer in a phase-3 trial.
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Harley-Davidson (NYSE:HOG) stock rose 0.3% after Reuters reported that it was in advanced talks with India's Hero MotoCorp for a distribution deal which will allow the U.S. firm's iconic motorcycles to be sold in India.
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Carnival (NYSE:CCL) (NYSE:CUK) stock rose 3%, Royal Caribbean (NYSE:RCL) climbed 3% and Norwegian Cruise Line (NYSE:NCLH) rose 4% after Barclays (LON:BARC) upgraded its stance on cruise line stocks to “overweight”, saying their risk/reward profile was now attractive.