Beyond Meat, GameStop Rise Premarket; DoorDash Falls

Stocks in focus in premarket trade on Friday, February 26th. Please refresh for updates.

Beyond Meat (NASDAQ:BYND) stock rose 5.9% after the plant-based food company said it had signed agreements with McDonald’s (NYSE:MCD) and Yum! Brands (NYSE:YUM), the owner of KFC, Pizza Hut and Taco Bell.

GameStop (NYSE:GME) stock rose 9.1% as the Reddit-inspired rally returned. The stock is on track to nearly triple this week in an equity market where falling bond prices have weakened overall sentiment.
DoorDash (NYSE:DASH) stock fell 10% after the food delivery company posted a hefty quarterly loss in its first results since its IPO, and cautioned that it expects fewer customer orders in the back half of the year as the vaccinated public starts to eat out.

Foot Locker (NYSE:FL) stock dropped 9.4% after the footwear retailer’s quarterly revenue came in below expectations while same-store sales unexpectedly fell.

Airbnb (NASDAQ:ABNB) stock rose 2.2% after the house rental company reported better-than-expected gross bookings in its first quarterly earnings report since going public, indicating a strong rebound in demand for vacation rentals in North America as pandemic curbs ease.

AT&T (NYSE:T) stock rose 0.1% after the wireless carrier announced it aims to sell about a third of its stake in satellite TV unit DirecTV to buyout firm TPG Capital in a deal that values the business at $16.25 billion.

Etsy (NASDAQ:ETSY) stock rose 8.1% after the e-commerce company easily beat expectations for its fourth quarter, with a 129% jump in revenue, helped by strong demand for face masks, for example.

Salesforce (NYSE:CRM) stock fell 2.5% after the online software company provided disappointing full-year guidance, even after the acquisition of workspace messaging company Slack Technologies (NYSE:WORK).

Virgin Galactic (NYSE:SPCE) stock fell 14% after the space travel company announced that its next spaceflight test would be delayed until May.

Nikola (NASDAQ:NKLA) stock dropped 2.4% after an internal review found that a number of claims made by the electric truck maker’s departed founder, Trevor Milton, about the state of the company’s technology and products were inaccurate.

DraftKings (NASDAQ:DKNG) stock rose 1.2% after the online sports gambling company reported soaring revenue, up 146% from a year ago, and raised its guidance for 2021 amid an ongoing boom in online sports betting.