© Reuters
By Peter Nurse
Investing.com — Stocks in focus in premarket trade on Thursday, September 8th. Please refresh for updates.
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GameStop (NYSE:) stock rose 7.5% after the troubled video game retailer a smaller-than-expected second quarter loss and announced a new partnership with crypto exchange FTX.
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Tesla (NASDAQ:) stock rose 0.2% after the electric car manufacturer sold almost 77,000 Chinese-made vehicles in August, nearly triple its sales from a month ago, after ramping up output at its Shanghai plant.
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American Eagle Outfitters (NYSE:) stock fell 14% after the fashion retailer second quarter profit estimates and said it would pause quarterly dividends, citing rising costs.
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Asana (NYSE:) stock rose 23.9% after the communications software company announced record second quarter , better-than-expected current quarter guidance, and a $350 million private placement.
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Torrid Holdings (NYSE:) stock fell 15% after the women’s clothing retailer quarterly earnings estimates and issued disappointing guidance below estimates, citing “unanticipated headwinds.”
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United Airlines (NASDAQ:) stock fell 0.4% after the carrier said it would invest $15 million in air-taxi maker Eve Air Mobility and ordered 200 aircraft from the startup.
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First Solar (NASDAQ:) rose 3.5% after Goldman Sachs upgraded its investment stance on the manufacturer of solar panels all the way to ‘buy’ from ‘sell’, saying it will benefit from the move to green energy.
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Moderna (NASDAQ:) stock rose 2.1% after Deutsche Bank upgraded its stance on the drug maker to ‘buy’ from ‘hold’, citing strong quarterly results.
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