Stocks making the biggest moves premarket: Tesla, Dave & Buster’s, GameStop, GitLab and more
Check out the companies making headlines in premarket trading: GameStop — Shares of the video game retailer slipped 4%. GameStop posted first-quarter revenue of $732.4 million, down from the $881.8 million figure seen in the same period a year prior. Tesla — The electric vehicle maker rose 1.7%, on track for its fourth straight winning day. That comes after shares cratered last week following CEO Elon Musk’s online feud with President Donald Trump. Musk said on Wednesday that he regrets some of the social media posts he made regarding Trump. Quantum computing — Quantum computing stocks advanced after Nvidia CEO Jensen Huang said at a developers conference that the space was reaching an inflection point . Shares of Quantum Computing climbed 7%, while Rigetti Computing and IonQ popped more than 4% and 3%, respectively. D-Wave Quantum added close to 2%. Sunrun — The solar stock dropped 6.1% following Jefferies’ downgrade to underperform from hold. Jefferies said the company could face headwinds if residential solar initiatives do not make the federal budget. BILL Holdings — Shares of the bill and invoicing platform ticked 1.7% lower on the back of Morgan Stanley’s downgrade to equal weight from overweight. Morgan Stanley said it is now less convinced on the drivers of its prior bullish thesis. GitLab — The online software developer platform dropped more than 12% after the company issued a disappointing revenue forecast. GitLab sees second-quarter revenue in a range between $226 million and $227 million versus the LSEG consensus estimate of $227 million. Dave & Buster’s — Shares jumped more than 7% following the company’s latest quarterly results. While Dave & Buster’s earnings and revenue for the first quarter missed analysts’ estimates, its comparable store sales dropped 8.3% year over year, less than the 8.9% decrease that analysts surveyed by LSEG were expecting. “We are encouraged by what we are seeing so far in June as results month to date continue to improve,” Kevin Sheehan, interim CEO, said in a statement . — CNBC’s Sean Conlon, Jesse Pound, Sarah Min and Michelle Fox contributed reporting.
