Baidu, Netflix, Apple Rise Premarket; Robinhood, MicroStrategy Fall
2022.06.15 15:10
By Peter Nurse
Investing.com — Stocks in focus in premarket trade on Wednesday, June 15th. Please refresh for updates.
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Netflix (NASDAQ:NFLX) stock rose 1.3% after the streaming giant announced plans to turn its most-watched series, “Squid Game,” into a reality show with a cash prize totaling $4.56 million.
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Baidu (NASDAQ:BIDU) stock rose 4.2% after Reuters reported China’s internet search engine giant is in talks to sell its controlling stake in iQIYI (NASDAQ:IQ), in a deal that could value all of the Chinese video streaming services firm at about $7 billion.
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Apple (NASDAQ:AAPL) stock rose 1.1% after the tech giant agreed a broadcasting rights deal with Major League Soccer, reportedly worth $2.5 billion, that will see every game streamed on its app for the next decade.
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Walt Disney (NYSE:DIS) stock rose 0.9% after agreeing to pay $3 billion to keep TV broadcasting rights for the Indian Premier League cricket, having lost the battle for the streaming rights.
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MicroStrategy (NASDAQ:MSTR) stock fell 3.1% with cryptocurrencies continuing to weaken. The software firm said it has not received a margin call against its bitcoin-backed loan, having borrowed $205 million from crypto bank Silvergate CapitaI in March.
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Robinhood (NASDAQ:HOOD) stock fell 2.9% after Atlantic Equities downgraded its stance on the online exchange to ‘underweight’ from ‘neutral’, saying its main source of revenue is threatened as trading slows.
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Moderna (NASDAQ:MRNA) stock rose 0.7% after advisers to the U.S. Food and Drug Administration recommended the authorization of the drugmaker’s COVID-19 vaccine for children and teens aged 6 to 17 years of age.
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Stellantis (NYSE:STLA) stock rose 3.2% after the world’s fourth largest carmaker announced plans to cut costs via laying off employees at its Sterling Heights stamping plant in Michigan.
