Stocks making the biggest moves premarket: Tesla, Take-Two Interactive, BJ’s Wholesale, Boeing and more
Get a glimpse of the companies making waves in premarket trading.
— The electric vehicle powerhouse’s shares rose 3%, continuing a surge from the after-hours on Friday when CEO Elon Musk announced the unveiling of their highly-anticipated robotaxi design on Aug. 8.
— Following an upgrade to buy from Loop Capital, the cosmetic’s stock advanced 1.3%. Analyst Anthony Chukumba suggests a potential bounce back for the shares after experiencing their most significant dip since 2020 last week.
— After Goldman Sachs upgraded them from neutral to buy, the shares of this warehouse club increased by 2.4%. The earning growth projected for BJ’s comes from several aspects, including the return of grocery volume growth.
— A 1% dip was seen in the shares during premarket trading. This comes after the Federal Aviation Administration reported a Southwest Airlines operated 737-800 returning to Denver Airport when an engine cowling detached mid-flight, striking a wing flap.
Taiwan Semiconductor Manufacturing
— The chipmaker’s shares went up by 2% following a funding offer of $6.6 billion for the company’s Arizona subsidiary from the Biden administration as part of the CHIPS and Science Act.
— Following an upgrade to buy from Citi, the shares of this video game holding company rose over 2%.
— The software company’s shares increased by roughly 1% after KeyBanc upgraded the stock to overweight. The firm believes, “the go-to-market and leadership changes over the last two years are beginning to bear fruit” for the future.
— Following an upgrade from Piper Sandler to overweight, the cloud computing company’s stock jumped nearly 4%. Analyst James E. Fish highlighted the attractive risk-to-reward skew due to steady fundamentals and strong valuation.
