Uber Falls Premarket; Deere, Novavax Rise By

© Reuters.

By Peter Nurse — Stocks in focus in premarket trade on Friday, February 19th. Please refresh for updates.

  • Uber (NYSE:) stock fell 1.9% after the ride-hailing firm lost a Supreme Court ruling in the U.K., meaning its drivers should be classified as “workers” and entitled to rights like minimum wage, holiday pay and rest breaks. This threatens the company’s business model in its largest European market.

  • Deere (NYSE:) stock rose 4.9% after the manufacturer of heavy machinery posted a major beat in its fiscal first quarter net profit, citing “improving conditions” in its farm and construction sectors.

  • Novavax (NASDAQ:) stock rose 7.9% after the drugmaker struck an agreement with global vaccine alliance Gavi to supply 1.1 billion doses of its Covid-19 vaccine to an international vaccination effort.

  • Royal Caribbean (NYSE:) stock rose 1.3% after the cruise operator said it will be restricted from paying cash dividends and from stock buybacks until the third quarter of 2022, due to changes in its loan agreements. 

  • Roku (NASDAQ:) stock rose 2% after the video-streaming device maker beat quarterly revenue expectations, thanks to subscribers dropping their cable packages for streaming services.

  • TripAdvisor (NASDAQ:) stock fell 2% after the travel-booking company posted a wider-than-expected loss in the fourth quarter, although it did see signals of growing travel demand.

  • Dropbox (NASDAQ:) stock fell 3.6% after the file hosting service posted a larger than expected loss in the fourth quarter, hit by a one-time impairment charge related to its real estate assets.

  • IBM (NYSE:) stock rose 0.2% after the Wall Street Journal reported that the tech giant is exploring the sale of its Watson Health unit, looking to streamline its operations and become more competitive in cloud computing.

  • Pfizer (NYSE:) stock rose 0.3% after a study showed the drugmaker’s Covid-19 vaccine, developed along with BioNTech, is up to 85% effective after the first dose.

  • Applied Materials (NASDAQ:) rose 5.3% after the tech company forecast second-quarter revenue above market expectations, as demand for its semiconductor manufacturing tools picked up during a global shortage of semiconductors.


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