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GameStop, Meta Platforms fall premarket; Designer Brands, Lucid rise

AuthorPeter NurseStock Markets
Published Jun 08, 2023 08:10AM ET
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Investing.com -- Stocks in focus in premarket trade on Thursday, June 8th. Please refresh for updates.

  • GameStop (NYSE:GME) stock fell 21% after the troubled video game retailer announced that it had "terminated" chief executive officer Matt Furlong and appointed Ryan Cohen as executive chairman, as it attempts to boost slumping sales.

  • Designer Brands (NYSE:DBI) stock rose 5.3% after the fashion retailer announced a $100 million share repurchase plan, overshadowing a disappointing first quarter, which prompted the company to cut its full-year outlook.

  • Lucid Group (NASDAQ:LCID) stock rose 2.2% after the electric vehicle maker's head of China operations, Zhu Jiang, said the company is preparing to enter the world's largest auto market.

  • Meta Platforms (NASDAQ:META) stock fell 0.8% after EU industry chief Thierry Breton called for the tech giant to take steps to tackle content targeting children, saying its voluntary code seemed not to be working.

  • Amazon (NASDAQ:AMZN) stock rose 1% after Wells Fargo initiated coverage of the online retail giant with an ‘overweight’ rating, citing the company's recent shift to a regional fulfillment model for deliveries, which could add 30% to the share price.

  • Las Vegas Sands (NYSE:LVS) stock fell 1% after Jefferies downgraded its stance on the casino resort to ‘hold’ from ‘buy’, citing the lack of near-term catalysts.

  • Tesla (NASDAQ:TSLA) stock fell 0.2% after the Spanish press reported that the electric vehicle manufacturer is in talks to build a car factory in Spain, an investment that could surpass €4.5 billion (€1 = $1.0734).

GameStop, Meta Platforms fall premarket; Designer Brands, Lucid rise
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Comments (6)
Kerry Ditto
Kerry Ditto Jun 08, 2023 9:21AM ET
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small caps, smoke and mirrors?
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Don Demarco
Don Demarco Jun 08, 2023 9:16AM ET
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i dont care if it goes up, right, lef..🤔...you get the point lol. i wait for chart pattern to set up off my pivot points, rsi,...wait like a puma for my entry...and when i see the volume kick in i pounce for a quick entry and ride it out like a surfer 🏄‍♂️ until my target or stop loss is reached. news is just noise!
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Derick Lim
Derick Lim Jun 08, 2023 9:00AM ET
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Meta will announce mire employees lay off tomorrow if shares jeep falling today..... Zuckerberg will seek AI divine intervention
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Kerry Ditto
Kerry Ditto Jun 08, 2023 8:51AM ET
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big caps rise, small caps tank. looks like a classic junk day
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Mitchel Pioneer
Mitchel Pioneer Jun 08, 2023 8:48AM ET
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Losses whisked out of the system in the pre-market once again.  BIGGEST INVESTMENT JOKE IN THE WORLD.
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Kerry Ditto
Kerry Ditto Jun 08, 2023 8:44AM ET
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a tip of iceberg, gme, a classic small cap junk
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