Amazon, Take-Two Interactive, Coinbase Fall Premarket; AutoZone Rises

By Peter Nurse

Investing.com — Stocks in focus in premarket trade on Monday, September 19th. Please refresh for updates.

• Amazon (NASDAQ:) stock fell 1% after the Spanish press reported that the online retail giant has suspended the construction of new warehouses in Spain until 2024, as pandemic-driven online shopping has slowed down.

• AutoZone (NYSE:) stock rose 2.7% after the auto parts retailer impressed with its latest , with same-store sales rising 6.2% from a year ago.
• Take-Two Interactive (NASDAQ:) stock fell 5.6% after Bloomberg reported that gameplay from the video game company’s upcoming Grand Theft Auto IV game had been released online by a hacker, in what would be a massive leak.
• Coinbase (NASDAQ:) stock fell 4.8% after the crypto exchange operator suffered from the multi-month lows of many of the cryptocurrencies.

• Tesla (NASDAQ:) stock fell 1.1%, weighed like many heavyweight tech stocks by concerns of a hefty Fed hike, despite Shanghai authorities saying that the electric car maker has completed a project to expand production capacity at its Shanghai plant.

• Adobe (NASDAQ:) stock fell 1.4% after Wells Fargo downgraded its investment stance on the software company to ‘equal weight’ from ‘overweight’, saying the $20 billion purchase of Figma raises questions.

• Array Technologies (NASDAQ:) stock rose 2.9% after Piper Sandler upgraded its view of the provider of solar-tracking technology to ‘overweight’ from ‘neutral’, saying the stock can rise nearly 60%.

• NCR (NYSE:) stock fell 2.2% after Morgan Stanley downgraded its stance on the maker of ATMs and point-of-sale systems to ‘equal weight’ from ‘overweight’, saying investors need clarity after the company’s split announcement.

Source link