Yahoo Finance Stocks Rebound in Premarket; Apple, Disney, Softbank All Rise
By Geoffrey Smith
Investing.com -- Stocks in focus in premarket trading on Friday, March 13th.
Walt Disney (NYSE:DIS) stock rose 7.1% after an analyst report suggesting Apple (NASDAQ:AAPL) could bid for it after the stock’s rapid decline in recent days. Disney said on Thursday it would close Disneyland and all its other theme parks in southern California due to the Covid-19 outbreak, in line with measures it took in China and Hong Kong last month. Apple Inc (NASDAQ:AAPL) stock rose 7.8% after the company said all of its stores in China had reopened. Caterpillar (NYSE:CAT) stock rose 6.9%. rebounding after reporting weak sales after the close on Thursday. Roche Holding (SIX:ROG) ADRs rose 12% after the Food and Drug Administration granted “emergency use authorization” to a test it’s developing for the coronavirus. Slack Technologies (NYSE:WORK) rose 1.4%, underperforming the broader market rebound, after the company forecast lower-than-expected billings for the coming year. Quarterly losses of 4c a share were, however, slightly narrower than the market consensus.
Tesla (NASDAQ:TSLA) stock was up 7.9%, rebounding from an 11.6% drop on Thursday.
SoftBank ADRs (OTC:SFTBY) rose 7.7% after the company launched a 500 billion yen ($4.8 billion) stock buyback under pressure from activist investor Elliott Management.
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