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GameStop, Xpeng, Wynn Resorts Rise Premarket; Blackberry Falls

Published 04/01/2022, 08:00 AM
Updated 04/01/2022, 08:00 AM
© Reuters.

By Peter Nurse

Investing.com -- Stocks in focus in premarket trade on Friday, April 1st. Please refresh for updates.

  • GameStop (NYSE:GME) stock rose 12% after the video game retailer said late Thursday it would seek shareholder approval for a stock split, with the meme favorite aiming to become the latest company to make it easier for retail investors to own its shares.

  • Apple (NASDAQ:AAPL) stock fell 0.1% after J.P. Morgan removed the tech giant from its “Focus List”, citing a likely moderation in consumer spending. Still, the bank maintained its ‘overweight’ rating.

  • Ford (NYSE:F) stock rose 0.8% and General Motors (NYSE:GM) stock rose 0.8% despite both auto giants announcing plans to halt production at their Michigan factories, with Ford citing the global semiconductor shortage.

  • Dell Technologies (NYSE:DELL) stock fell 0.9% after Goldman downgraded its stance on the computer maker to ‘neutral’ from ‘buy’, citing the mounting pressure on the PC market.

  • Banco Santander (NYSE:SAN) ADRs rose 3.6% after the Spanish lender said it was on track to meet its 2022 profitability target and maintained its mid-term goals thanks to solid performance in the Americas and a recovery in Europe.

  • Xpeng (NYSE:XPEV) stock rose 8.7%, Nio (NYSE:NIO) ADRs rose 6.1% and Li Auto (NASDAQ:LI) stock rose 5.3% after the Chinese EV-makers all reported robust sales in March.

  • Wynn Resorts (NASDAQ:WYNN) stock rose 3.2% after Citigroup upgraded its stance on the casino operator to ‘buy’ from ‘neutral’, citing increased clarity over regulations and licenses in Macau.

  • BlackBerry (NYSE:BB) stock fell 4.3% after the security software provider posted disappointing fourth quarter revenue, hit by increased competition at its cybersecurity business.

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