Check out the companies making the biggest moves in premarket trading: Target — Shares of the retailer jumped nearly 8% after a stronger-than-expected fourth-quarter report. Target generated $2.98 in earnings per share on $31.92 billion of revenue. Analysts surveyed by LSEG were looking for Target to earn $2.42 per share on $31.83 billion of revenue. Apple — Shares slipped 2.3% after a report from Counterpoint Research said iPhone sales tumbled 24% in China during the first six weeks of 2024 compared to the year prior. Tesla — The EV maker declined 2.5%. The company halted production Tuesday at its Berlin plant after a power outage due to a nearby substantiation fire, Reuters reported, citing a German news report. Police told CNBC the incident initially looked like arson . Microstrategy — The stock fell 3.6% after the bitcoin development company announced a private offering for $600 million in convertible senior notes. Microstrategy said it will use the proceeds to buy more bitcoin and for general corporate purposes. Advanced Micro Devices — Shares slid nearly 2% after the semiconductor company was blocked by U.S. regulators from selling its artificial intelligence chips designed for China, Bloomberg reported . The chips are supposedly too powerful, and will require a license from the Department of Commerce’s Bureau of Industry and Security to be sold. Stitch Fix …
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[mwai_chat context=”Let’s have a discussion about this article:nnCheck out the companies making the biggest moves in premarket trading: Target — Shares of the retailer jumped nearly 8% after a stronger-than-expected fourth-quarter report. Target generated $2.98 in earnings per share on $31.92 billion of revenue. Analysts surveyed by LSEG were looking for Target to earn $2.42 per share on $31.83 billion of revenue. Apple — Shares slipped 2.3% after a report from Counterpoint Research said iPhone sales tumbled 24% in China during the first six weeks of 2024 compared to the year prior. Tesla — The EV maker declined 2.5%. The company halted production Tuesday at its Berlin plant after a power outage due to a nearby substantiation fire, Reuters reported, citing a German news report. Police told CNBC the incident initially looked like arson . Microstrategy — The stock fell 3.6% after the bitcoin development company announced a private offering for $600 million in convertible senior notes. Microstrategy said it will use the proceeds to buy more bitcoin and for general corporate purposes. Advanced Micro Devices — Shares slid nearly 2% after the semiconductor company was blocked by U.S. regulators from selling its artificial intelligence chips designed for China, Bloomberg reported . The chips are supposedly too powerful, and will require a license from the Department of Commerce’s Bureau of Industry and Security to be sold. Stitch Fix …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]
