By Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Wednesday, December 8th. Please refresh for updates.
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Pfizer (NYSE:PFE) stock rose 0.4% after the drugmaker said a three-shot course of its Covid-19 vaccine, developed in conjunction with BioNTech, was shown to have a neutralizing effect against the new Omicron coronavirus variant in a laboratory test. BioNTech (NASDAQ:BNTX) stock rose 0.1%, overturning earlier losses.
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Stitch Fix (NASDAQ:SFIX) stock slumped 25% after the online personal styling company reported a fiscal first-quarter loss and offered up a disappointing outlook in a sign that it’s struggling to recapture its pandemic-fueled growth.
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Pagerduty (NYSE:PD) stock rose 9% after the software company reported a smaller than expected third-quarter loss, along with strong revenue growth and positive fourth-quarter guidance.
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ChargePoint (NYSE:CHPT) stock fell 4.4% after the company, which provides hardware and software for electric vehicle charging stations, reported a hefty quarterly loss even as revenue increased 79% year over year.
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Dave & Buster’s Entertainment (NASDAQ:PLAY) stock rose 4.7% after the restaurant and entertainment business reported strong third quarter earnings, adding that its business recovery has strengthened through the first five weeks of the fourth quarter.
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Amazon (NASDAQ:AMZN) stock fell 0.9% the day after a major outage disrupted the online retail giant's cloud services, temporarily knocking out a wide range of apps and its e-commerce website as consumers shopped ahead of Christmas.
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Blackstone (NYSE:BX) stock fell 2.4% after the private equity giant revealed a sale of shares by Hamilton E. James, its executive vice chairman.
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Southwest Airlines (NYSE:LUV) stock rose 0.2% after the airline said it was expecting to be profitable in the fourth quarter as travel rebounds, a change after it had previously expected a loss for the quarter due to higher fuel prices.