Tesla, Palantir and Hasbro Rise Premarket; Apple Falls

Stocks in focus in premarket trade on Monday, February 8th. Please refresh for updates.

Tesla (NASDAQ:TSLA) stock rose 2.3% after the electric car maker announced in a SEC filing it bought $1.5 billion in bitcoin in January. Earlier Chinese state-owned publication The Global Times said China’s market regulator and four other government departments summoned the electric car maker to a meeting to discuss quality issues.

Apple (NASDAQ:AAPL) stock fell 0.4% after South Korea’s Hyundai said Monday it is not now in talks with the iPhone maker on autonomous electric cars, just a month after it confirmed early-stage talks with the tech giant. Hyundai’s stock dropped over 6% in local trade.

AstraZeneca (NASDAQ:AZN) ADR rose 1% as the drugmaker said it will work on adapting its Covid-19 vaccine, after South Africa halted its planned rollout of the drug. Data showed Astra’s vaccine – which is central to the national vaccination plans of many poorer countries, gave minimal protection against mild infection from one variant, which was originally found in South Africa.

Palantir (NYSE:PLTR) stock rose 11% after the software company announced it was partnering with IBM (NYSE:IBM), up 0.8%, that will augment IBM’s artificial intelligence offerings and make them easier to use.

Global Payments (NYSE:GPN) stock rose 2.7% after the payments technology company announced a partnership with Google (NASDAQ:GOOGL) to develop a variety of cloud-based solutions for merchants. Its quarterly earnings also beat expectations.

Hasbro (NASDAQ:HAS) stock rose 1.2% after the toymaker beat estimates for quarterly revenue on higher demand for its board games and “Magic: The Gathering” collectible cards.

Energizer (NYSE:ENR) stock rose 5.5% after the battery maker beat quarterly earnings and revenue expectations, as well as increasing its full-year forecast, benefiting from increased demand and lower costs.

GameStop (NYSE:GME)stock rose 7.3%, continuing to see volatile trading even as recent social media-hyped trading hysteria in other stocks appeared to be fizzling out.