GameStop, Xpeng, Wynn Resorts Rise Premarket; Blackberry Falls By

© Reuters.

By Peter Nurse — Stocks featured in premarket trading on Friday, April 1. Please refresh for updates.

  • GameStop (NYSE:) Shares rose 12% after the video game retailer said Thursday night it would seek shareholder approval for a stock split, the favorite meme aimed at becoming the latest company to allow retail investors to hold its shares more easily.

  • Apple (NASDAQ:) The stock fell 0.1% after JP Morgan removed the tech giant from its Focus List, citing a likely moderation in consumer spending. The bank still maintained its “overweight” rating.

  • Ford (NYSE:) the stock rose 0.8% and General Engines (NYSE:) Shares rose 0.8% despite the two announcing plans to halt production at their Michigan plants, with Ford citing global shortages of semiconductors.

  • Dell Technologies (NYSE:) The stock fell 0.9% after Goldman lowered its position in the computer maker from “neutral” to “buy,” citing mounting pressure in the PC market.

  • Santander Bank (NYSE:) ADRs rose 3.6% after the Spanish lender said it was on track to meet its 2022 profitability target and maintained its medium-term targets thanks to strong performance in the Americas and once again in Europe.

  • Xpeng (NYSE:) the stock rose 8.7%, Nio (NYSE:) ADRs rose 6.1% and Li-Auto (NASDAQ:) the stock rose 5.3% after all selling was robust in March.

  • Wynn Resorts (NASDAQ:) The stock rose 3.2% after Citigroup improved its stance on the casino operator to ‘buy’ from ‘neutral’, citing greater clarity on regulations and licensing to Macau.

  • Blackberry (NYSE:) The stock fell 4.3% after the security software provider posted disappointing fourth-quarter revenue, hit by increased competition in its cybersecurity business.

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