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Airbnb, TripAdvisor, Tesla rise premarket; Barclays, Devon Energy fall

Investing.com
·2-min read

By Peter Nurse

Investing.com -- Stocks in focus in premarket trade on Wednesday, February 15th. Please refresh for updates.

Airbnb (NASDAQ:ABNB) stock rose 8.4% after the house rental firm reported better-than-expected fourth-quarter numbers, and forecast current-quarter revenue above market estimates on resilient travel demand.

TripAdvisor (NASDAQ:TRIP) stock soared 9.4% after the online travel company beat quarterly expectations, boosted by consumers' desire to travel after the end of the COVID lockdown.

Kraft Heinz (NASDAQ:KHC) stock fell 1.7% after the consumer goods giant forecast weaker-than-expected annual profit, signaling more pressure from higher costs and currency headwinds even as it beat quarterly sales estimates.

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Devon Energy (NYSE:DVN) stock fell 6.5% after the shale oil producer missed fourth-quarter estimates as severe weather in the U.S. hit production.

Tesla (NASDAQ:TSLA) stock rose 2.1% after Bloomberg reported that the electric car manufacturer is set to suspend some production in China until the end of February as it upgrades its facility to make a refreshed version of the Model 3 compact sedan.

Biogen (NASDAQ:BIIB) stock rose 0.3% after the drugmaker beat quarterly expectations, boosted by strong demand for its spinal muscular atrophy drug, Spinraza.

Ammo (NASDAQ:POWW) stock fell 15% after the ammunition producer missed quarterly estimates and cut full-year forecasts, citing the inflationary impact on consumers.

American Eagle Outfitters (NYSE:AEO) stock fell 3.9% after Jefferies downgraded its stance on the clothing consumer to ‘hold’ from ‘buy’, citing the company’s exposure to the slowdown in consumer spending.

Barclays (NYSE:BCS) ADRs fell 10% after the U.K. bank posted disappointing fourth-quarter profit, hit by litigation charges of £1.6B from overstepping agreed limits of sales of investment products in the United States.

Ford (NYSE:F) stock fell 0.5% after the auto giant halted production and shipments of its F-150 Lightning electric pickup after discovering a potential battery issue.

Taiwan Semiconductor Manufacturing (NYSE:TSM) stock fell 5% after Warren Buffett's Berkshire Hathaway (NYSE:BRKa) slashed its stake in the chipmaker.

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