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DocuSign, Zscaler, T-Mobile US Rise Premarket; Smith & Wesson Falls

By Peter Nurse

Investing.com -- Stocks in focus in premarket trade on Friday, September 9th. Please refresh for updates.

  • DocuSign (NASDAQ:DOCU) stock rose 16.9% after the software company posted better-than-expected second quarter results and raised its subscription revenue guidance for the year.

  • Smith & Wesson (NASDAQ:SWBI) stock fell 5.4% after the gunmaker posted quarterly results that underscored a drop in consumer demand following a surge two years ago.

  • Zscaler (NASDAQ:ZS) stock rose 14% after the cybersecurity firm’s fiscal fourth-quarter results topped expectations and its 2023 outlook impressed on cloud growth.

  • T-Mobile US (NASDAQ:TMUS) stock rose 1.6% after the wireless carrier announced a $14 billion share buyback program that will run until September next year.

  • Hershey (NYSE:HSY) stock rose 0.7% after the chocolate giant announced plans to spend $90 million to open two new production lines in Mexico, with the expansion set to increase output by 25%.

  • Navient (NASDAQ:NAVI) stock fell 2% after Barclays downgraded its investment stance on the student loans servicer to ‘equal weight’ from ‘overweight’, citing risks attached to the administration’s student debt forgiveness plan.

  • Regeneron (NASDAQ:REGN) stock rose 1% after Morgan Stanley upgraded its stance to ‘overweight’ from ‘equal weight’, saying the pharmaceutical company’s stock could rally 20% after promising eye drug results.

  • Virgin Galactic (NYSE:SPCE) stock fell 2.9% after Bernstein downgraded its stance on the space travel company to ‘underperform’ from ‘market perform’, as its space flights get further delayed.

  • Caterpillar (NYSE:CAT) stock rose 1.5% after the heavy equipment manufacturer reached a settlement with the IRS over a back-taxes dispute.

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.