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Tesla, GameStop, Roblox, etc.



Let’s take a look at some of the biggest movers in the former market:

Tesla (TSLA)-Tesla delivered nearly 185,000 vehicles in the first quarter, which is the company’s record and more than 10,000 vehicles according to consensus forecasts. The stock rose 7.6% in pre-market trading.

GameStop (GME)-This video game retailer announced plans to sell up to 3.5 million shares in “marketable securities”

; and plans to use the proceeds to strengthen its balance sheet and accelerate its ongoing transformation. GameStop also said that sales in the first nine weeks of the quarter were up 11% from the same period last year. GameStop fell 15.1% in pre-market trading.

Roblox (RBLX)-the video game development platform company’s stock rose 3.5% in pre-market trading because Goldman Sachs began to give it a “buy” rating and Morgan Stanley gave it an “overweight” rating. Both companies mentioned strong growth prospects, and Goldman Sachs pointed out that Roblox can outsource game development costs to creators.

Royal Caribbean (RCL), Norwegian Cruise Line (NCLH), Carnival (CCL)-The Centers for Disease Control and Prevention has updated its guidelines for resuming cruises in the United States, although it did not set a specific date for the resumption. Royal Caribbean is up 1.5% in premarket trading, Norway is up 2.5%, and Carnival is up 2.2%.

Johnson & Johnson (JNJ)-After quality control issues disrupted Johnson & Johnson’s Covid-19 batch of vaccines, Johnson & Johnson will take over production at a factory owned by contract manufacturer Emergent Biosolutions (EBS). According to the Wall Street Journal, in order to adapt to this shift, the production of the Covid-19 vaccine produced by AstraZeneca (AZN) will be moved to other places. Johnson & Johnson respectively expanded its Covid-19 vaccine trials to 12 to 17 years old.

Tribune Co. (TPCO)-Tribune has received a US$680 million acquisition offer from Choice Hotels chairman Stewart Bainum and Swiss billionaire Hansjorg Wyss, valued at US$16.50 per share. Previously, the newspaper publisher had reached a $635 million deal with hedge fund Alden Global Capital.

Pinterest (PINS)-According to the New York Times, image-sharing website operators are in talks to acquire photo app company VSCO. The potential transaction price cannot be determined, but the latest value of VSCO is $550 million. Pinterest rose 1.6% in pre-market trading.

General Motors (GM), Ford Motors (F)-Wells Fargo has begun to rate the two automakers as “overweight”, which shows Ford’s rapid turnover under the new CEO Jim Farley (Jim Farley) And GM’s leading position in the field of electric vehicles and connectivity. General Motors rose 1.7% in pre-market trading, while Ford Motor rose 1.5%.

Pioneer Natural (PXD)-Pioneer Natural reached an agreement to acquire DoublePoint Energy, a privately-held rival shale producer, for approximately US$6.4 billion, thus continuing the consolidation trend in the shale industry. In pre-market trading, Pioneer shares fell 4.4%.

Moderna (MRNA)-Moderna has been approved by the U.S. Food and Drug Administration (FDA) to add up to 15 doses from the previous 10 doses to supplement the Covid-19 vaccine vial. Moderna said it expects to start shipping 15-dose vials within a few weeks, and its stock rose 1.5% in premarket trading.

Morgan Stanley (MS)-Morgan Stanley (Morgan Stanley) said that once the Fed lifts restrictions, it will increase dividends. The Fed plans to release the results of the next round of bank stress tests in June. Morgan Stanley rose 1.4% in premarket trading.

Planet Fitness (PLNT)-The fitness chain plans to add 100 new locations in the next fiscal year, and its total number currently exceeds 2,100. Chief Financial Officer Tom Fitzgerald (Tom Fitzgerald) told The Wall Street Journal that the company also hopes to increase investment in its applications.

Lamb Weston (LW) – The food service company’s stock rose by 1.9% before the market, after Bank of America Securities raised it from “neutral” to “buy” and raised its price target from $84 per share to 100 dollars. Bank of America said that as demand improves, the company is expected to approach Covid’s previous level of business.


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