Stock Groups

Pfizer, Pagerduty Rise Premarket; Stitch Fix, Amazon Fall -Breaking

by Mike Robinson

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© Reuters

Peter Nurse 

Investing.com — Premarket Trade on Wednesday, December 8, 2008: Stocks In Focus For the latest updates, please refresh.

  • Pfizer The stock of (NYSE:) rose 0.4% following the announcement that a 3-shot Covid-19 vaccination, which was developed with BioNTech and had a neutralizing effect on the Omicron coronavirus variant, in a laboratory experiment, proved to be effective. BioNTech(NASDAQ:) Stock rose 0.1% over earlier losses. 

  • Stitch Fix (NASDAQ:) stock slumped 25% after the online personal styling company reported a fiscal first-quarter loss and offered up a disappointing outlook in a sign that it’s struggling to recapture its pandemic-fueled growth. 

  • PagerdutyStock rose by 9% on the news that (NYSE: ) reported a lower than expected third quarter loss and strong guidance for its fourth quarter.

  • ChargePointThe stock of (NYSE:) fell 4.4% following a large quarterly loss by the company. This company provides software and hardware for charging electric vehicles. However, revenue was up 79% year-over-year.

  • Dave & Buster’s EntertainmentThe stock of (NASDAQ:) rose 4.7% following strong earnings reports from the restaurant-and entertainment company in the third quarter.

  • Amazon(NASDAQ) Stock fell 0.9% after an outage caused by the cloud services of the internet retail giant disrupted. The outage temporarily shut down a number of apps as well as its ecommerce site. Consumers rushed to buy Christmas presents. 

  • BlackstoneStock fell 2.4% on the NYSE after Hamilton E. James (executive vice chairman) announced that shares had been sold by private equity firm.

  • Southwest Airlines(NYSE) Stock rose 0.2% when the airline stated that they expect to be profitable in the fourth-quarter as travel recovers. This is a significant change from the previous quarter where it expected to lose money due to rising fuel prices.

 

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