Gamestop (GME), which started the meme stock mania a year ago, was down 0.5% premarket, after climbing 9.4% Tuesday. Bucking the trend, companion AMC Entertainment Holdings (AMC) was up 1.7% premarket, adding to a 10% advance Tuesday.
Walmart (WMT) edged up marginally premarket, after sinking 11% the previous session. On Tuesday, the retail giant lowered its fiscal 2023 guidance after reporting mixed first quarter results that were pressured by supply chain disruptions and increased costs.
Tesla (TSLA) was down 0.7% premarket, after a 5.1% advance Tuesday. Piper Sandler adjusted the stock price target to $1,035 from $1,260, reiterating its overweight rating.
Among other stocks in focus, Advanced Micro Devices (AMD) declined 0.7% premarket, after an 8.7% gain Tuesday, while
Twitter (TWTR) was down 0.5% before the opening bell, after a 2.5% advance Tuesday. Tesla chief executive officer Elon Musk said that the $44 billion takeover deal for Twitter "cannot move forward" until the social media giant showed proof that the number of fake/spam accounts is below 5%.
Home Depot (HD) inched down 0.3% premarket, after a 1.7% gain Tuesday. The company raised its full-year profit guidance after strong demand boosted its fiscal first quarter results.
Apple (AAPL) edged down 0.3% premarket, after climbing 2.5% Tuesday, while Amazon.com (AMZN) shed 0.5% premarket after advancing 4.1% Tuesday.
Price: 99.87, Change: -0.51, Percent Change: -0.51
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