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GameStop, Seagen and Bed Bath & Beyond Rise Premarket; Kohl's Falls

Stock Markets Jul 07, 2022 08:06AM ET
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By Peter Nurse

Investing.com -- Stocks in focus in premarket trade on Thursday, July 7th. Please refresh for updates.

  • GameStop (NYSE:GME) stock rose 6% after the video game retailer’s board approved a four-for-one stock split that will make it more affordable for investors to own shares of the meme stock.

  • Seagen (NASDAQ:SGEN) stock rose 4.2% after the Wall Street Journal reported that drugmaker Merck (NYSE:MRK), down 1.5%, is in advanced talks to buy the cancer specialist for around $40 billion.

  • Bed Bath & Beyond (NASDAQ:BBBY) stock rose 6% following the news that interim CEO Sue Gove and two directors bought stock in the troubled domestic merchandise retailer.

  • Shell (LON:RDSa) ADRs rose 0.8% after the U.K.-based energy giant said surging margins from fuel production could have added more than $1 billion to its earnings in last quarter, allowing it to reverse up to $4.5 billion of write-downs it had made during the pandemic.

  • Virgin Galactic (NYSE:SPCE) stock rose 4.5% after the space tourism company announced a deal with a subsidiary of Boeing (NYSE:BA), up 0.7%, to build carrier aircraft to support its coming spacecraft fleet.

  • Kohl's (NYSE:KSS) stock fell 1.8% after Bank of America downgraded its stance on the retailer to ‘underperform’ from ‘hold’, citing the termination of takeover talks with Franchise Group (NASDAQ:FRG).

GameStop, Seagen and Bed Bath & Beyond Rise Premarket; Kohl's Falls
 

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Comments (3)
James Victorino
James Victorino Jul 07, 2022 9:18AM ET
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GME rises pre-market? We have a long way to go in this bear market.
Stan Smith
Stan Smith Jul 07, 2022 8:47AM ET
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Really? Initial & Continuing Jobless Claims Accelerate As Layoffs Soar. I suppose that is irrelevant so long as a couple of stocks rise
Mitchel Pioneer
Mitchel Pioneer Jul 07, 2022 8:44AM ET
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More criminally manufactured, completely unjustified "gains" for the laughingstock of the investing world, as the FED continues to support the gross overvalued situation in the biggest investment JOKE in the world.
 
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