Premarket Movers Monday: Tesla, GameStop, Palantir
US stock futures rose on a strong employment report and ahead of new data suggesting a rebound in the services sector.
Dow Futures Leap After Blowout Jobs Report; Tesla wins in deliveries
Here are some of the top movers during Monday premarket trading.
1. Tesla TSLA | Plus 7.25%
Tesla shares ((TSLA) – Get the report rose early Monday after the electric vehicle company beat Wall Street forecasts with a record nearly 185,000 in the first quarter.
Dan Ives, an analyst at Wedbush, said the first quarter totals had pushed Tesla to a pace that would exceed 850,000 deliveries for the year, a number that would beat last year’s record of 499,500 by more than 70%.
He raised his price target on the stock to $ 1,000 per share.
2. GameStop GME | 13.34% decrease
GameStop ((GME) – Get the report Shares fell sharply in premarket trading after the video game retailer announced it was selling up to 3.5 million common shares, which could bring the company more than $ 600 million in fresh capital at current share price.
3. Palantir PLTR | Plus 3.47%
Shares of Palantir ((PLTR) – Get the report rose early Monday after the security and data analytics provider signed a five-year contract with the National Nuclear Security Administration to provide its security platform and related services valued at $ 89.9 million.
4. American Airlines AAL | Plus 2.47%
American Airlines ((EEL) – Get the report rose more than 2.3% on the Monday prior to trading after the Centers for Disease Control issued new guidelines late last week allowing fully vaccinated Americans to travel to and from domestic destinations without quarantine and not needing a COVID-19 test, as long as they mask and maintain social distance.
5th Carnival CCL | Plus 2.12%
Shares of the carnival ((CCL) – Get the report rose on Monday after the Centers for Disease Control issued the new travel policy.
Carnival reports revenue later this week.