© Reuters.
By Peter Nurse
Investing.com — Stocks in focus in premarket trade on Friday, September 9th. Please refresh for updates.
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DocuSign (NASDAQ:) stock rose 16.9% after the software company posted better-than-expected and raised its subscription revenue guidance for the year.
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Smith & Wesson (NASDAQ:) stock fell 5.4% after the gunmaker posted that underscored a drop in consumer demand following a surge two years ago.
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Zscaler (NASDAQ:) stock rose 14% after the cybersecurity firm’s fiscal topped expectations and its 2023 outlook impressed on cloud growth.
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T-Mobile US (NASDAQ:) stock rose 1.6% after the wireless carrier announced a $14 billion share buyback program that will run until September next year.
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Hershey (NYSE:) stock rose 0.7% after the chocolate giant announced plans to spend $90 million to open two new production lines in Mexico, with the expansion set to increase output by 25%.
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Navient (NASDAQ:) stock fell 2% after Barclays downgraded its investment stance on the student loans servicer to ‘equal weight’ from ‘overweight’, citing risks attached to the administration’s student debt forgiveness plan.
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Regeneron (NASDAQ:) stock rose 1% after Morgan Stanley upgraded its stance to ‘overweight’ from ‘equal weight’, saying the pharmaceutical company’s stock could rally 20% after promising eye drug results.
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Virgin Galactic (NYSE:) stock fell 2.9% after Bernstein downgraded its stance on the space travel company to ‘underperform’ from ‘market perform’, as its space flights get further delayed.
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Caterpillar (NYSE:) stock rose 1.5% after the heavy equipment manufacturer reached a settlement with the IRS over a back-taxes dispute.
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