Investing.com - Stocks in focus in premarket trade Tuesday:
• Electronic Arts (NASDAQ:EA) stock jumped 7.41% by 8:00 AM ET (13:00 GMT) as the company announced that its game Apex Legends passed 25 million users as it gears up for its Twitch Rivals Apex Legends Challenge.
• Aurora Cannabis Inc (NYSE:ACB) stock fell 1.95% after the company’s fiscal second-quarter results missed consensus.
• Amazon (NASDAQ:AMZN) stock rose 0.82% amid the company’s announcement it would acquire Eero in a move speculated to take aim at competition with Google (NASDAQ:GOOGL) in home routers.
• Gilead Sciences (NASDAQ:GILD) stock slumped 2.41% after the company announced that its selonsertib drug failed to meet endpoints in a late stage study.
• Walmart (NYSE:WMT) stock edged forward 0.61% amid news that it scrapped a same-day grocery delivery partnership with Deliv, setting the retail giant back from its attempts to compete with Amazon.
• Under Armour (NYSE:UAA) stock advanced 1.54% after the company reported fourth-quarter earnings and revenue that beat expectations.
• Ringcentral (NYSE:RNG) stock could see upside in the regular session as the company reported better-than-expected quarterly earnings and its 2019 guidance topped consensus.
• Chegg (NYSE:CHGG) stock surged 10.55% as the company’s quarterly results topped guidance and it gave an upbeat guidance for the current quarter and the year.
• Coty (NYSE:COTY) stock soared 17.19% after JAB offered to acquire additional shares at a price of $11.65 per share.