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Pfizer, Kodak Rise Premarket; Ford Falls

Published 12/07/2020, 08:13 AM
Updated 12/07/2020, 08:14 AM
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By Peter Nurse 

Investing.com -- Stocks in focus in premarket trade on Monday, December 7th. Please refresh for updates.

  • Eastman Kodak (NYSE:KODK) stock soared 75% after a federal agency found no wrongdoing concerning the stalled U.S. government loan to the company.

  • Ford (NYSE:F) stock fell 1.3% after the auto giant announced it is delaying the launch of its new Bronco SUV until the summer, due to pandemic-related problems at its suppliers.

  • Pfizer (NYSE:PFE) stock rose 1.1% after the pharma giant applied for emergency authorization of its Covid-19 vaccine in India, which has the world’s second-highest number of infections.

  • Goldman Sachs (NYSE:GS) stock fell 0.3% after Bloomberg reported that the investment bank is weighing plans for a new Florida base to house its asset management arm.

  • Cisco (NASDAQ:CSCO) stock fell 0.3% after the information technology giant has launched a takeover bid for IMImobile, a U.K.-based cloud-communications software company, in a deal valued at $730 million, including debt.

  • DraftKings (NASDAQ:DKNG) stock rose 0.3% after the sports betting operator announced a deal that would allow it to deliver access for online sports betting in Connecticut ahead of the anticipated launch of legal sports betting in the state.

  • Lyft (NASDAQ:LYFT) stock rose 2.4% after the investment bank Piper Sandler (NYSE:PIPR) upgraded its stance on the ride-hailing company to ‘overweight’ from ‘neutral’, citing its valuation.

  • Facebook (NASDAQ:FB) stock fell 0.2% after Bloomberg reported that the social media giant may soon be facing federal and state antitrust lawsuits, accusing the company of abusing its dominance and stifling competition.

 

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