By Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Thursday, June 9th. Please refresh for updates.
Tesla (NASDAQ: TSLA ) stock rose 3.1% after UBS upgraded its investment stance on the electric car manufacturer to ‘buy’ from ‘hold’, saying the recent drop of over 30% creates an attractive entry point for a high growth business.
Novavax (NASDAQ: NVAX ) stock fell 5.7%, handing back Wednesday’s gains on the news that the Food and Drug Administration’s authorization of the drugmaker’s COVID shots could be delayed to review changes in the manufacturing process.
Alibaba (NYSE: BABA ) ADRs fell 4.5% after China's securities regulator said it had not conducted any assessment regarding a revival of affiliate Ant Group's initial public offering.
Take-Two (NASDAQ: TTWO ) stock rose 2.7% after J.P. Morgan initiated coverage of the video game company at ‘overweight’, saying the stock looks cheap and could rally 33%.
Target (NYSE: TGT ) stock rose 0.8% after the big-box retailer raised its quarterly dividend by 20% despite warning of weaker margins as it reduced inventories earlier this week.
- Signet Jewelers (NYSE: SIG ) soared 8.5% after the retailer posted healthy quarterly profit and revenue, issued an upbeat full-year forecast, and expanded its share repurchase authorization by $500 million.
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