Premarket movers: Tesla slips; Target surges
Investing.com -- Here are some of the biggest U.S. stock movers prior to the start of New York trading on Tuesday. Please check back later for updates:
Shares in Tesla (NASDAQ:TSLA) tumbled after the electric vehicle (EV) giant said shipments of its China-made cars dropped to a 14-month low in February.
Shares in Advanced Micro Devices (NASDAQ:AMD) slipped after Bloomberg News reported that the U.S. government had placed a hurdle in front of the company's effort to sell an artificial intelligence chip designed for the Chinese market.
Target Corporation (NYSE:TGT) reported adjusted per-share income in the fourth quarter that topped average analyst estimates, sending shares in the big-box retailer higher.
Shares in business analytics group MicroStrategy (NASDAQ:MSTR) dipped in premarket U.S. trading on Tuesday, leading declines in other crypto-linked names like miners Marathon Digital (NASDAQ:MARA), Riot Platforms (NASDAQ:RIOT) and CleanSpark (NASDAQ:CLSK).
Application software group Gitlab 's(NASDAQ:GTLB) shares sank after its full-year guidance was weaker than Wall Street expectations.
Apple (NASDAQ:AAPL) shares fell, putting the tech giant on course for a fifth consecutive negative session, after Counterpoint Research said that iPhone sales in the firm's key Chinese market decreased by 24% in the first six weeks of 2024.
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