Intel, Bumble, Palantir and MongoDB Rise Premarket

  • Stock Market News
Intel, Bumble, Palantir and MongoDB Rise Premarket
Credit: © Reuters.

By Peter Nurse -- Stocks in focus in premarket trade on Tuesday, December 7th. Please refresh for updates.

  • Intel (NASDAQ: INTC ) stock rose 8.3% after the chip giant announced plans to take its self-driving car unit Mobileye (F: 0ME ) public around the middle of next year, with the unit valued potentially around the $50 billion level.

  • MongoDB (NASDAQ: MDB ) stock soared 21% after the database provider lifted its current-year revenue forecast for the third time this year after strong growth between August and October.

  • American Airlines (NASDAQ: AAL ) stock rose 3.4% following the announcement that Doug Parker would retire as the carrier's chief executive officer in March, with current President Robert Islom set to take over.

  • Tesla (NASDAQ: TSLA ) stock rose 0.3%, bouncing after dropping into bear market territory on Monday. UBS lifted its price target on the electric car maker, saying it should continue to dominate the electric vehicle space in 2022.

  • AutoZone (NYSE: AZO ) stock rose 2.8% after the auto parts retailer beat expectations with its quarterly results, boosted by comparable store sales jumping 13.6%.

  • Vir Biotechnology (NASDAQ: VIR ) stock rose 8.1% after early-stage studies showed its antibody therapy for Covid-19, developed with GlaxoSmithKline (NYSE: GSK ), is effective against the Omicron variant.

  • Bumble (NASDAQ: BMBL ) stock rose 7.4% after JPMorgan upgraded its stance on the dating app to ‘overweight’ from ‘neutral’, seeing 65% upside.

  • Palantir Technologies (NYSE: PLTR ) stock rose 3.1% after the data analytics firm announced a joint venture with a German supplier of chemicals and materials used in making semiconductors. The venture will try to address the chip industry's supply chain problems.

  • Digital World Acquisition Corp (NASDAQ: DWAC ) stock rose 4% after the announcement that Congressman Devin G. Nunes, who is currently a sitting U.S. House Representative, will join Trump Media & Technology as its CEO next month. Trump Media is in the process of merging with the special acquisition company. 

  • Enbridge (NYSE: ENB ) stock rose 0.8% after the Canadian pipeline operator forecast higher core earnings in 2022 and announced a share repurchase of up to C$1.5 billion ($1.18 billion).


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