FedEx Falls Premarket; Winnebago, BioTelemetry Rises

Stocks in focus in premarket trade on Friday, December 18th. Please refresh for updates.

FedEx (NYSE:FDX) stock fell 3.1% after the delivery company failed to provide guidance for next year citing Covid-inspired uncertainty. It still reported an almost doubling in quarterly profit in its fiscal second quarter on the back of rate hikes and increased volumes.

BioTelemetry (NASDAQ:BEAT) stock soared 17% after Philips announced plans to buy the cardiac diagnostics and monitoring firm for $2.8 billion.

Microsoft (NASDAQ:MSFT) stock fell 0.6% after the tech giant said it was hacked as part of a campaign that has hit multiple U.S. government agencies by taking advantage of the widespread use of software from SolarWinds (NYSE:SWI), down 0.3%.

Coca-Cola (NYSE:KO) stock rose 0.2% after the soft drinks giant announced plans to cut 2,200 jobs globally, including 1,200 in the United States, as the fallout from the Covid-19 pandemic accelerates its business restructuring.

Winnebago (NYSE:WGO) stock rose 5.5% after the recreational vehicle manufacturer reported better than expected third-quarter results, enjoying a boom as families shied away from air travel during the pandemic..

Darden (NYSE:DRI) stock fell 2.2% after the restaurant owner’s quarterly revenue disappointed as another wave of pandemic-related dining restrictions weighed on its same-store sales.

Moderna (NASDAQ:MRNA) stock fell 0.2%, retracing slightly after the 5% gains the previous session on the back of an advisory panel to the Food and Drug Administration recommending approval of its Covid-19 drug.

Zoom Video Communications (NASDAQ:ZM) stock rose 0.1% after the communications company announced it was removing the time limit for its free accounts on all meetings globally for the holiday season.