By Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Thursday, March 4th. Please refresh for updates.
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Walt Disney (NYSE:DIS) stock fell 1% after the entertainment giant said after the close on Thursday that it would cut 60 stores in North America, or 20% of its locations, as it put greater emphasis on its streaming operation to distribute its content rather than rely on traditional movie theaters.
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Apple (NASDAQ:AAPL) stock fell 0.3% after Britain's antitrust regulator opened an investigation into the iPhone maker after complaints that its terms and conditions for app developers are anti-competitive.
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Vroom (NASDAQ:VRM) stock fell 15% after the online used car retailer posted a larger-than-expected loss for its fourth quarter, and expects this loss to increase in the first quarter of this year. The stock is still up some 70% since its IPO in June.
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Amazon (NASDAQ:AMZN) stock rose 0.3% after the Wall Street Journal reported that the online retailing giant is in talks with the NFL to stream its games on Prime Video.
- General Motors (NYSE:GM) stock rose 0.6% after the Wall Street Journal reported that the auto manufacturer is looking to build a second battery factory in the U.S., the latest move in the Detroit auto maker’s efforts to expand its investment in electric vehicles.
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Snowflake (NYSE:SNOW) stock rose 1% after the data platform provider reported a more than doubling in revenue in the fourth quarter on increased demand, though losses were wider than expected.
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American Eagle Outfitters (NYSE:AEO) stock rose 5.2% after the clothing retailer reported better-than-expected results for the fourth quarter, with overall comparable sales declining just 1% as strong online sales mitigated mall closures.
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Okta (NASDAQ:OKTA) stock slumped 10% after the cloud software company announced plans to buy identity platform Auth0 in an all-stock deal valued at about $6.5 billion.
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BJs Wholesale (NYSE:BJ) stock fell 2.9% after the wholesale retailer declined to provide guidance for 2021 due to pandemic-related uncertainty, even after beating expectations with its latest quarterly earnings.
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Marvell (NASDAQ:MRVL) stock fell 5.1% after the chipmaker issued a disappointing outlook, saying chip supplies could remain tight throughout the fiscal year.
- Square (NYSE:SQ) stock fell 1.7% after the financial technology company agreed to acquire majority ownership of Tidal, the music streaming service partly owned by American rapper Jay-Z.