By Geoffrey Smith
Investing.com -- Stocks in focus in premarket trading on Friday, March 13th.
- Walt Disney (NYSE:DIS) stock rose 7.1% after an analyst report suggesting Apple (NASDAQ:AAPL) could bid for it after the stock’s rapid decline in recent days.
- Disney said on Thursday it would close Disneyland and all its other theme parks in southern California due to the Covid-19 outbreak, in line with measures it took in China and Hong Kong last month.
- Apple Inc (NASDAQ:AAPL) stock rose 7.8% after the company said all of its stores in China had reopened.
- Caterpillar (NYSE:CAT) stock rose 6.9%. rebounding after reporting weak sales after the close on Thursday.
- Roche Holding (SIX:ROG) ADRs rose 12% after the Food and Drug Administration granted “emergency use authorization” to a test it’s developing for the coronavirus.
- Slack Technologies (NYSE:WORK) rose 1.4%, underperforming the broader market rebound, after the company forecast lower-than-expected billings for the coming year. Quarterly losses of 4c a share were, however, slightly narrower than the market consensus.
-
Tesla (NASDAQ:TSLA) stock was up 7.9%, rebounding from an 11.6% drop on Thursday.
-
SoftBank ADRs (OTC:SFTBY) rose 7.7% after the company launched a 500 billion yen ($4.8 billion) stock buyback under pressure from activist investor Elliott Management.