Article: Tesla, Delta and Target Rise Premarket; Fastly Falls

Article - Media

Tesla, Delta and Target Rise Premarket; Fastly Falls

Peter Nurse, 08 June 2021

Investing.com — Stocks in focus in premarket trade on Tuesday, June 8th. Please refresh for updates.

Tesla (NASDAQ:TSLA) stock rose 2.9% on strong sales in China, a major market for the electric vehicle maker, shrugging off the news that long-time executive Jerome Guillen, who headed up the commercial truck sector of the company, has left the company.

Clover Health (NASDAQ:CLOV) stock rose 35% as small-time retail investors again piled into some of the most heavily shorted U.S. stocks. The U.S. Securities and Exchange Commission has said it was looking into signs of market manipulation following the social-media driven rally of a number of so-called meme stocks. Continue reading “Article: Tesla, Delta and Target Rise Premarket; Fastly Falls”

Article: GameStop plans to elect activist investor Cohen as chairman

Article - Media, Publications

GameStop plans to elect activist investor Cohen as chairman

Reuters, 08 April 2021

GameStop Corp, which has been part of a recent Reddit-driven trading frenzy, said on Thursday it intends to elect activist investor Ryan Cohen as chairman, putting him in the driver’s seat as he looks to transform the videogame retailer.

Since Chewy co-founder Cohen joined GameStop’s board in January, he has been pushing towards transformation of the brick-and-mortar retailer into an e-commerce firm that can take on big-box retailers such as Target Corp and technology firms such as Microsoft Corp.

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