GameStop, Xpeng, Wynn Resorts Rise Premarket; Blackberry Falls By Investing.com

By Peter Nurse

Investing.com — Stocks in focus in premarket trade on Friday, April 1st. Please refresh for updates.

• GameStop (NYSE:) stock rose 12% after the video game retailer said late Thursday it would seek shareholder approval for a stock split, with the meme favorite aiming to become the latest company to make it easier for retail investors to own its shares.

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

• Ford (NYSE:) stock rose 0.8% and General Motors (NYSE:) stock rose 0.8% despite both announcing plans to halt production at their Michigan factories, with Ford citing the global semiconductor shortage.

• Dell Technologies (NYSE:) stock fell 0.9% after Goldman downgraded its stance on the computer maker to ‘neutral’ from ‘buy’, citing the mounting pressure on the PC market.

• Banco Santander (NYSE:) ADRs rose 3.6% after the Spanish lender said it was on track to meet its 2022 profitability target and maintained its mid-term goals thanks to solid performance in the Americas and a recovery in Europe.

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

• Wynn Resorts (NASDAQ:) stock rose 3.2% after Citigroup upgraded its stance on the casino operator to ‘buy’ from ‘neutral’, citing increased clarity over regulations and licenses in Macau.

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