By Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Thursday, March 10th. Please refresh for updates.
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Amazon (NASDAQ:AMZN) stock rose 4.8% after the online retail giant announced a $10 billion share buyback as well as the intention to undertake a 20-for-1 stock split, its first such split in more than two decades.
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Crowdstrike (NASDAQ:CRWD) stock rose over 11% after the cybersecurity firm reported better than expected fourth quarter results, and issued upbeat guidance for 2023.
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General Electric (NYSE:GE) stock fell 1.2% after the industrial conglomerate reiterated its 2022 earnings forecast, weeks after warning that its profits would suffer in the first half of this year due to persistent supply-chain and inflationary pressures.
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Asana (NYSE:ASAN) stock slumped 25% after the software company forecast a higher-than-expected loss for fiscal 2023 after announcing plans to step up its investment in the business.
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Marriott (NASDAQ:MAR) stock fell 1.6% after the hotel chain announced it will pause the opening of upcoming hotels and all future hotel development and investment in Russia, following Moscow's invasion of Ukraine.
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BMW (OTC:BMWYY) ADRs rose 0.2% after the German car giant more than tripled its pretax earnings as higher pricing and strong sales of top-end vehicles boosted revenues even as supply chain troubles limited production.
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KB Home (NYSE:KBH) stock rose 1.3% after JPMorgan upgraded its stance on the home builder to ‘overweight’ from ‘neutral’, with the investment bank becoming more selective in the sector.
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Anthem (NYSE:ANTM) stock fell 0.4% after the company announced plans to change its name to Elevance Health, looking to shift its focus beyond the health insurance business.
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Peloton (NASDAQ:PTON) stock fell 1.5% after the Wall Street Journal reported that the exercise bike company is testing a new pricing strategy in order to turn around the company.
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Tesla (NASDAQ:TSLA) stock fell 1.4% after the electric-car maker raised prices of its U.S. Model Y SUVs and Model 3 Long Range sedans by $1,000 each and some China-made Model 3 and Model Y vehicles by 10,000 yuan ($1,582.40).