iShares Silver Trust, Nikola, AMC, GameStop – Monday’s Premarket Movers
US stock futures rose Monday as Wall Street hoped for signs of economic recovery.
Here are some of the top movers during Monday’s premarket trading.
1. iShares Silver Trust SLV | Plus 9.1%
IShares Silver stocks (SLV) – Get the report rose more than 10% after it became the latest stock to grab the attention of investors who are part of Reddit’s WallStreetBets.
Silver prices hit their highest level since 2013 after retailers on Reddit targeted the silver market following their successful attack on GameStop short sellers.
2. GameStop GME | 1.9% decrease
Shares in video game retailer GameStop (GME) – Get the report fell after retailers on Reddit turned their attention to commodities and precious metals like silver.
3. AMC Entertainment AMC | Plus 21%
Shares of AMC Entertainment (AMC) – Get the report jumped as the theater chain continued to be a Reddit mania favorite among sharply shortened stocks.
4. Tesla TSLA | Plus 3.1%
Tesla shares (TSLA) – Get the report and other clean energy vehicle manufacturers rose Monday morning as a combination of strong delivery numbers and analyst awards on the future of the EV market helped lift the broader sector.
5. Nikola NKLA | Plus 4.9%
Nikola shares (NKLA) – Get the report rose after Wedbush analysts upgraded their rating of the electric truck manufacturer from underperforming to neutral.
Wedbush analysts Daniel Ives and Strecker Backe felt that their concern about Nikola had played out in the marketplace.
“Our main concern with the Nikola story since September has been relocation [General Motors] (GM) – Get the report Partnership, badger hype and execution risks after Trevor’s departure. Although Nikola still has some clear hurdles to realizing his vision of hydrogen and articulated trucks over the next year, we believe that most of the negative catalysts we feared have now played out in the market. “
Wedbush raised its price target for Nikola from $ 15 to $ 25.
6. Thermo Fisher Scientific TMO | Plus 1.2%
Thermo Fisher Scientific shares (TMO) – Get the report rose after the provider of analytical instruments and equipment for research, analysis and diagnostics to pharmaceutical companies achieved better than expected results.
Thermo Fisher posted earnings of $ 2.5 billion, or $ 6.24 per share, compared to $ 1 billion, or $ 2.49 per share, for the same period last year.
Adjusted earnings per share doubled to $ 7.09 per share, beating the FactSet consensus of $ 6.56. Revenue grew 54% to $ 10.55 billion, beating the FactSet consensus of $ 9.58 billion.