Skip to main content
Publish date:

Premarket Movers Monday: AMD, Tesla, AMC Entertainment

Stocks moving in premarket trading Monday include AMD, Tesla, AMC Entertainment, Golden Nugget Online Gaming and Sanderson Farms.

Stock futures traded mostly lower Monday as investors increased bets the Federal Reserve would pull back on stimulus following a stronger-than-expected U.S. jobs report.

Here are some of the top movers during premarket trading on Monday:

1. Advanced Micro Devices - Up 0.3%

Advanced Micro Devices  (AMD) - Get Advanced Micro Devices, Inc. Report shares wavered after analysts at BMO Capital Markets boosted their rating and target price for the chipmaker amid an improving earnings backdrop and market-share gains. 

2. Tesla - Up 1.5%

Tesla  (TSLA) - Get Tesla Inc Report shares advanced after Jefferies analysts upgraded their rating on the stock, predicting it would rally 22% over the next 12 months as the electric carmaker continues to prove both a leader and innovator in the mass-production EV and battery market.

TheStreet Recommends

3. AMC Entertainment - Down 1.9%

Shares of AMC Entertainment  (AMC) - Get AMC Entertainment Holdings, Inc. Class A Report slipped as as meme-stock retail investors on stock-trading platform Stocktwits talked up the potential for the shares to extend gains. Microvast  (MVST) - Get MICROVAST HOLDINGS, INC. Report was surging after also being mentioned by retail investors.

4. Golden Nugget Online Gaming - Up 54%

Golden Nugget Online Gaming  (GNOG) - Get GOLDEN NUGGET ONLINE GAMING, INC. Report shares leaped after the company agreed to be acquired by online sports-gambling company DraftKings  (DKNG) - Get DraftKings Inc. (DKNG) Report for about $1.56 billion. The transaction is expected to close in the first quarter.

5. Sanderson Farms - Up 7.9%

Shares of Sanderson Farms  (SAFM) - Get Sanderson Farms, Inc. Report surged after the chicken producer agreed to be bought by a Cargill and Continental Grain joint venture in a deal valued at $4.53 billion. Sanderson Farms will be combined with Wayne Farms, a Continental Grain subsidiary, to form a new, privately held poultry business.