5 Stocks To Watch For December 28, 2020

Some of the stocks that may grab investor focus today are:

• Alibaba Group Holdings Ltd BABA announced plans to raise its stock buyback program by an additional $4 billion. The company’s share repurchase program will now target a $10 billion buyback through the end of 2022. The higher magnitude of the repurchase limit comes at a time when the Alibaba stock has taken a hit due to the anti-competition probes from Chinese authorities. Alibaba shares dropped 13.3% to close at $222.00 on Thursday.
• AstraZeneca Plc’s AZN Covid-19 vaccine could receive approval in the United Kingdom as early as Tuesday, according to the Financial Times. AstraZeneca shares fell 0.1% to $48.51 in the after-hours trading session.
• Wall Street expects Weibo Corp WB to report quarterly earnings at $0.60 per share on revenue of $449.26 million before the opening bell. Weibo shares gained 0.5% to $44.54 in after-hours trading.

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• Orphazyme A/S ADR ORPH disclosed that the FDA has extended the review period of the NDA for arimoclomol for the treatment of Niemann-Pick Disease Type C by three months. Orphazyme shares gained 0.3% to close at $12.03 on Thursday.
• Bayerische Motoren Werke ADR BMWYY announced plans to increase its projected output for electric cars by about 250,000 units in the next two years. BMW shares rose 0.2% to close at $29.95 on Thursday.