By Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Thursday, March 11th. Please refresh for updates.
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Tesla (NASDAQ:TSLA) stock rose 3.7% after the electric-car manufacturer increased the prices of its Model Y Long Range and Model S Plaid plus by $10,000, according to its website, suggesting increased demand.
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American Airlines (NASDAQ:AAL) stock rose 1.2% after the airline announced it will sell $7.5 billion of bonds and leveraged loans backed by its loyalty program to repay U.S. government debt.
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Bumble (NASDAQ:BMBL) stock rose 10% after the online dating company reported a bigger-than-expected rise in fourth-quarter revenue in its first quarterly results since its float, adding it expects significant pent up demand when the pandemic ends.
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Oracle (NYSE:ORCL) stock fell 5% after the business software maker disappointed with its quarterly revenue amid strong competition for cloud services from the likes of Amazon (NASDAQ:AMZN) and Microsoft (NASDAQ:MSFT).
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AMC Entertainment (NYSE:AMC) stock rose 6% after the struggling movie-theater chain said the roll-out of Covid-19 vaccines and the release of eagerly awaited movies would boost sales this year.
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Boeing (NYSE:BA) stock rose 2.4% after Reuters reported that the aircraft manufacturer is close to a deal to sell dozens of its 737 MAX 7 jets to Southwest Airlines (NYSE:LUV), the world’s top Boeing 737 operator, in potentially its largest 737 MAX order since the aircraft's safety ban was lifted.
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Roblox (NYSE:RBLX) stock rose 8.8%, continuing the strong trading which saw the online-gaming platform’s stock jump over 50% on its first day of trading, helped by fund manager Cathie Wood’s ARK Next Generation Internet ETF (NYSE:ARKW) picking up the stock.
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GameStop (NYSE:GME) stock fell 5.7%, as a 'gamma squeeze' on options brokers that has driven the stock up over 400% over the last month unwound a little.
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Cloudera (NYSE:CLDR) stock fell 7.7% after the software company offered up disappointing full-year guidance, which overshadowed better-than-expected quarterly results.
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Johnson & Johnson (NYSE:JNJ) stock rose 0.4% after President Joe Biden said he will double his country’s order of the drug maker’s Covid-19 vaccine.
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JD.com (NASDAQ:JD) ADR rose 7.2% after the Chinese e-commerce company reported a jump in fourth-quarter revenue, helped by the broader shift to online shopping triggered by the pandemic.
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