Facebook, Amazon Climb Premarket instead AstraZeneca Falls

Stocks in focus in premarket trade on Friday, November 27th.

AstraZeneca (NASDAQ:AZN) ADR fell 1.9% after doubts emerged about the quality of the data behind the claim of 90% efficacy for its Covid-19 vaccine candidate. The company’s CEO said it’s likely to run a new trial.

Amazon (NASDAQ:AMZN) stock rose 0.7%, despite the e-commerce giant saying it would spend more than $500 million on one-time bonuses for its front-line employees in the United States who are working the holiday season amid the pandemic.

Tesla (NASDAQ:TSLA) stock rose 0.9% despite news of an investigation by the U.S. National Highway Traffic Safety Administration into about 115,0000 Tesla vehicles over front suspension safety issues.

Facebook (NASDAQ:FB) stock rose 0.7% after the Financial Times reported that the social media giant could launch its planned “Libra” cryptocurrency in a limited form in January.

BBVA (MC:BBVA) stock rose 2.7% after pulling out of a merger with smaller Spanish rival Banco de Sabadell (OTC:BNDSY) after being unable to agree terms.

Walt Disney (NYSE:DIS) stock fell 0.2% after the entertainment giant announced on Wednesday it would lay off about 32,000 workers, primarily at its theme parks, an increase from the 28,000 it announced in September. The company is struggling with restrictions on movie theaters, theme parks and cruises due to the pandemic.

Sage Therapeutic (NASDAQ:SAGE) stock rose 8.8% after Biogen (NASDAQ:BIIB), up 0.1%, announced plans to offer $1.25 billion in cash to jointly develop tremor and depression therapies.

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