Apple, AstraZeneca Rise in Premarket; Airline, Cruise Stocks Also Lifted By

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By Peter Nurse — Stocks in focus in premarket trade on Monday, August 24th. Please refresh for updates.

  • Apple (NASDAQ:) stock rose 3.3% with investors having to obtain the company’s stock by the close of business Monday to be eligible for the four-to-one stock split at the end of the month.

  • AstraZeneca (NYSE:) ADR rose 3.8% after the Financial Times reported that the U.S. administration is considering fast-tracking the U.K.-based pharma giant’s experimental coronavirus vaccine.

  • Facebook (NASDAQ:) stock rose 1.4% after the Wall Street Journal reported that it was the company’s CEO Mark Zuckerberg who prompted Washington’s fears over the safety of Chinese internet companies amid concerns over potential U.S. regulation of Facebook.

  • Delta Air Lines (NYSE:) stock rose 3.3%, American Airlines (NASDAQ:) climbed 3.4% and Southwest Airlines (NYSE:) rose 3.4% amid optimism that the fast-tracking of Covid treatments will result in increased confidence in traveling.

  • Cruise operators have also been hit hard during the pandemic, and thus bounced strongly on this vaccine news. Carnival (NYSE:) stock rose 4.4%, Norwegian Cruise Line (NYSE:) rose 4.1% and Royal Caribbean (NYSE:) climbed 3.5%.

  • Blackstone (NYSE:) stock rose 0.5% after the private equity giant agreed to acquire genealogy provider for $4.7 billion, including debt, placing a big bet on family-tree chasing as well as personalized medicine.

  • NN (NASDAQ:) stock rose 13% after the industrial manufacturer agreed to sell its life sciences division to American Securities in a deal worth $825 million.

  • Mogu (NYSE:) stock fell 11% after the online lifestyle business reported a 47% drop in revenue in the first quarter. Shares were up 38% year-to-date.
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