Twitter, American Outdoor Brands Rise Premarket; Penumbra Falls

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The Twitter logo and stock prices are shown above the floor of the New York Stock Exchange shortly after the opening bell in New York, U.S., January 23, 2018. REUTERS/Lucas Jackson

Investing.com — Stocks in focus in premarket trade on Wednesday, December 16th. Please refresh for updates.

  • Twitter (NYSE:TWTR) stock rose 3.6% after JPMorgan upgraded its investment stance on the social media giant to ‘overweight’ from ‘neutral’, citing expected strong advertising growth.

  • Amazon (NASDAQ:AMZN) stock rose 0.2% after the e-commerce giant called for a U.S. judge to throw out the awarding of the Pentagon’s $10 billion JEDI cloud computer contract to Microsoft (NASDAQ:MSFT).

  • Delta Air Lines (NYSE:DAL) rose 0.4% after the airline announced it was in early talks with governments to add more quarantine-free flights overseas.

  • United Airlines (NASDAQ:UAL) stock dropped 1.2%, JetBlue Airways (NASDAQ:JBLU) fell 1.7% and Spirit Airlines (NYSE:SAVE) dropped 1.6% after JPMorgan downgraded its stance on the three airlines all to ‘underweight’ from ‘overweight’, citing disappointing demand trends.

  • Wish (NASDAQ:WISH) will be in focus as the online retailer starts trading after pricing its IPO at $24/share, raising more than $1 billion.

  • Tilray (NASDAQ:TLRY) stock rose 28% and Aphria (NASDAQ:APHA) stock rose 6.5% after the Canada-based companies agreed to merge in an all-stock deal to create the world’s largest cannabis producer.

  • Penumbra (NYSE:PEN) stock fell 8.1% after the medical device maker recalled a certain type of catheter used during heart surgery over worries about its safety.

  • American Outdoor Brands (NASDAQ:SWBI) stock rose 9.6% after swinging to a profit from a year-ago loss for its latest quarter, benefitting from customers spending more time on outdoor activities amid the pandemic.