Stocks in focus in premarket trade for December 11th.

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  • Airbnb (NASDAQ:ABNB) stock fell 1.4%, consolidating after the house-sharing site’s stock more than doubled on Thursday, its first day of trading after its highly publicised IPO.

  • Doordash (NYSE:DASH) stock fell 2.6%, retreating after the stock’s dramatic gains on its first day of trading after its IPO on Wednesday.

  • Walt Disney (NYSE:DIS) stock soared 8.1% after the entertainment giant reported a sharp rise in its subscribers to its streaming services as well as a ramp up in films for its Star Wars and Marvel franchises.

  • Pfizer (NYSE:PFE) stock rose 1.9% after a panel of experts recommended the pharma giant’s Covid-19 vaccine should receive emergency usage authorisation from the FDA.

  • Sanofi (NASDAQ:SNY) ADR fell 1.9% after the French pharmaceutical company said its Covid-19 vaccine candidate, made in conjunction with GlaxoSmithKline (NYSE:GSK), showed an insufficient immune response in older people, causing its launch to be delayed to late next year.

  • AMC Entertainment (NYSE:AMC) stock fell 2.2% after the movie theater operator said it would issue shares to investment firm Mudrick Capital Management for a $100 million investment as it looks to prop up its finances.

  • Adobe (NASDAQ:ADBE) stock fell 0.8% despite the software maker beating estimates for its fiscal fourth quarter and guiding higher for the current quarter and fiscal 2021. The company’s stock is up around 45% this year.

  • Broadcom (NASDAQ:AVGO) stock fell 1.8% after the chipmaker warned of weak demand for the products it sells to enterprise customers. The company also announced a new CFO and a new COO.

  • Lululemon (NASDAQ:LULU) stock fell 1.6% despite the retailer reporting strong growth in sales, up 22% from a year ago, as shoppers sought to buy workout apparel during the pandemic period. The stock is up nearly 60% so far this year.

  • Ferrari (NYSE:RACE) stock fell 0.3% after the sudden departure of CEO Louis Camilleri for personal reasons. Chairman John Elkann will now lead the company on an interim basis