Baidu, Netflix, Apple Rise Premarket; Robinhood, MicroStrategy Fall

  • Stock Market News
Baidu, Netflix, Apple Rise Premarket; Robinhood, MicroStrategy Fall

By Peter Nurse -- Stocks in focus in premarket trade on Wednesday, June 15th. Please refresh for updates.

  • Netflix (NASDAQ: NFLX ) stock rose 1.3% after the streaming giant announced plans to turn its most-watched series, “Squid Game,” into a reality show with a cash prize totaling $4.56 million.

  • Baidu (NASDAQ: BIDU ) stock rose 4.2% after Reuters reported China's internet search engine giant is in talks to sell its controlling stake in iQIYI (NASDAQ: IQ ), in a deal that could value all of the Chinese video streaming services firm at about $7 billion.

  • Apple (NASDAQ: AAPL ) stock rose 1.1% after the tech giant agreed a broadcasting rights deal with Major League Soccer, reportedly worth $2.5 billion, that will see every game streamed on its app for the next decade.

  • Walt Disney (NYSE: DIS ) stock rose 0.9% after agreeing to pay $3 billion to keep TV broadcasting rights for the Indian Premier League cricket, having lost the battle for the streaming rights.

  • MicroStrategy (NASDAQ: MSTR ) stock fell 3.1% with cryptocurrencies continuing to weaken. The software firm said it has not received a margin call against its bitcoin -backed loan, having borrowed $205 million from crypto bank Silvergate CapitaI in March.

  • Robinhood (NASDAQ: HOOD ) stock fell 2.9% after Atlantic Equities downgraded its stance on the online exchange to ‘underweight’ from ‘neutral’, saying its main source of revenue is threatened as trading slows.

  • Moderna (NASDAQ: MRNA ) stock rose 0.7% after advisers to the U.S. Food and Drug Administration recommended the authorization of the drugmaker's COVID-19 vaccine for children and teens aged 6 to 17 years of age.

  • Stellantis (NYSE: STLA ) stock rose 3.2% after the world’s fourth largest carmaker announced plans to cut costs via laying off employees at its Sterling Heights stamping plant in Michigan.

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