By Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Thursday, February 25th. Please refresh for updates.
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GameStop (NYSE:GME) stock rose 60%, building on sharp gains on Wednesday as the trading frenzy that engulfed the stock last month returned. Other stocks that have become popular on Reddit chat rooms, like AMC Entertainment (NYSE:AMC) and Koss (NASDAQ:KOSS) also gained, 14% and 92%, respectively, in a rerun of the 'gamma squeeze' on options traders.
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Tesla (NASDAQ:TSLA) stock fell 1.5% after Bloomberg reported that the electric car manufacturer has temporarily halted some production at its car assembly plant in California.
- Hyundai Motor (OTC:HYMLY) ADR will be in focus after the car manufacturer said it was replace battery systems in some 82,000 electric vehicles due to fire risk, which could cost up to $900 million.
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Nvidia (NASDAQ:NVDA) stock fell 2.3% after the company confirmed that its flagship gaming chips would likely remain in tight supply through the fiscal first quarter, even after reporting strong fiscal first-quarter sales.
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Boeing (NYSE:BA) stock fell 0.9% after the Wall Street Journal reported that the airplane manufacturer was planning to replace engine covers on its 777 jets months before a pair of recent serious failures, citing an internal Federal Aviation Administration document.
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Dow (NYSE:DOW) stock fell 2.7% after the chemical company’s president told Reuters Wednesday that the company is bracing for a “high Impact” from climate change.
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Moderna (NASDAQ:MRNA) stock rose 4.9% after the drug maker said it was expecting $18.4 billion in sales from its Covid-19 vaccine this year.
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Best Buy (NYSE:BBY) stock fell 5.9% after the retailer disappointed with its sales for the holiday quarter as pandemic-fueled demand for electronics weakened.
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Anheuser Busch Inbev (BR:ABI) (NYSE:BUD) ADR fell 5.4% after the world’s largest brewer said its profit margins would be hurt by higher input costs and foreign exchange headwinds, even as it reported better than expected figures for its fourth quarter.
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Norwegian Cruise Line (NYSE:NCLH) stock rose 4.5% after the company reported quarterly revenue came in ahead of expectations, despite the Covid-19 restrictions shutting down the sector.
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