The stock market is buzzing with activity this morning as investors are watching the biggest premarket movers. DraftKings, DoorDash, Deere, Roku and more are all posting significant gains in early trading.
DraftKings has seen a surge of over 10% since the opening bell due to positive news regarding their online gaming platform. Investors have been optimistic about the company’s growth prospects and have responded positively to recent updates on their progress.
DoorDash has also experienced a strong start today after announcing that it will expand into new markets across Europe later this year. The delivery service provider’s stock price has jumped by almost 8%.
Deere & Company shares rose by nearly 5% after receiving an upgrade from analysts at Goldman Sachs who believe that demand for agricultural equipment will remain strong despite current economic uncertainty caused by COVID-19 pandemic restrictions.
Roku stocks were up 3%, following reports of increased viewership on its streaming services during the holiday season last month which could indicate further growth potential for 2021 and beyond. Other stocks making notable moves include Moderna Inc., whose share prices rose 2%, along with Square Inc., which gained 1%.
Overall, it appears investors remain confident in these companies’ long-term outlooks despite short-term volatility caused by current events, such as Brexit negotiations or US stimulus package discussions taking place around the world right now.
Read more at CNBC
