By Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Friday, December 3rd. Please refresh for updates.
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Didi Global (NYSE:DIDI) ADRs fell 7.2% after the Chinese ride-hailing giant announced it will delist from the New York Stock Exchange and pursue a listing in Hong Kong, just a few months after its $4.4 billion U.S. IPO.
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Ulta Beauty (NASDAQ:ULTA) stock rose 6.1% after the chain of beauty stores raised its full-year sales and margin outlooks after reporting bumper third-quarter results in the wake of the reopening.
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Marvell (NASDAQ:MRVL) stock rose over 21% after the chipmaker reported positive fourth-quarter guidance after third-quarter results topped Wall Street estimates, led by a strong performance in its data center business.
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DocuSign (NASDAQ:DOCU) stock slumped 31% after the business software company issued disappointing fourth-quarter guidance, suggesting the boom from remote work may be lessening.
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Asana (NYSE:ASAN) stock slumped over 15% after the company which hosts a work management platform posted another quarterly loss.
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Morgan Stanley (NYSE:MS) stock rose 1.6% after Citigroup upgraded its stance on the U.S. investment bank to ‘buy’ from ‘neutral’, saying its shift towards wealth management can earn it a premium valuation.
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Peloton (NASDAQ:PTON) stock rose 3.3% after Deutsche Bank initiated coverage of the exercise equipment maker with a ‘buy’ rating, saying its recent dip creates a buying opportunity, with more than 70% upside.
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Nucor (NYSE:NUE) stock rose 2.4% after the steel producer increased its quarterly dividend by 23% and announced a $4 billion buyback program.