© Reuters
By Scott Kanowsky
Investing.com — Stocks in focus in premarket trade on Friday, October 7th. Please refresh for updates.
- Advanced Micro Devices, Inc. (NASDAQ:) shares slumped after the chipmaker posted third quarter sales that missed analysts’ estimates.
- Twitter, Inc. (NYSE:) stock was marginally lower after a judge in the US state of Delaware approved Elon Musk’s request to postpone a trial with the social media platform in order to give him more time to complete his proposed $44B purchase of the company.
- DraftKings Inc. (NASDAQ:) shares rose after Bloomberg and the Action Network reported the company is close to agreeing to a new, large partnership with Walt Disney’s (NYSE:) ESPN.
- Lyft, Inc. (NASDAQ:) shares moved into the red after RBC downgraded its rating of the ride-hailing firm to Sector Perform from Outperform.
- Levi Strauss & Co. Class A (NYSE:) stock declined after the jeans maker slashed its annual profit guidance and reported lower-than-anticipated third quarter sales.
- CVS Health Corp. (NYSE:) shares dropped after the Centers for Medicare & Medicaid Services downgraded its rating of one of the pharmacy chain’s Aetna Medicare Advantage plans.
- Credit Suisse (NYSE:) US-listed shares climbed after the bank unveiled an offer to repurchase $3B worth of its own debt in an effort to solidify investor confidence.
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