Check out the companies that make headlines in pre-market transactions. GameStop – Meme Stock surged 16% a day after the company’s board announced it had approved plans to buy Bitcoin and Stablecoins with a portion of the company’s cash, in a similar move to MicroStrategy. Dollar Tree – Discount retailers won 5% after the company announced plans to sell its family dollar business for $1 billion. Dollar Tree reported its fourth quarter results on Wednesday. Playtika – The mobile gaming company’s stock increased 13.9% following the Bank of America double upgrade and purchased from Performance. The bank said the company has attractive features and is in a mature but still growing industry. Toughness – The stock rose more than 5% after an online pet product retailer recorded better revenue than expected in the fourth quarter. Chewy recorded revenue of $3.25 billion over the period exceeded $3.2 billion that analysts surveyed by LSEG. The company also induced strong revenue this quarter, with each fact set. WINGSTOP – Fast casual restaurants rose 1% after Wells Fargo began covering stocks with an overweight rating. The bank said Wingstop is “one of the best-in-class consumer growth stories.” Tenet Healthcare – Healthcare stocks rose 2.5% after Morgan Stanley began coverage with an overweight rating. Analyst Craig Hettenbach assumes the market is not yet priced with “critical business models and balance sheet transformations.” Totalenergies SE – French Energy and Oil Company added over 2% after purchasing City upgrades. Analyst Alastair Syme said investors could overlook the company’s potential margins and volume growth. – CNBC’s Alex Hurling, Sean Conlong, Hakyung Kim and Michelle Fox reported. Get tickets for Pro Live Join us on the New York Stock Exchange! An uncertain market? Earn Edge with CNBC Pro Live, the first exclusive event on the historic New York Stock Exchange. Access to expert insights is paramount in today’s dynamic financial situation. As a CNBC Pro subscriber, we encourage you to take part in the first exclusive, in-person CNBC Pro live event held at the iconic NYSE on Thursday, June 12th. Join ProSCarter Worte, an interactive pro clinic led by Dan Niles and Dan Ives, along with a special edition of Pro Talks with Tom Lee. You will also get the opportunity to network with CNBC experts, talent and other pro subscribers during exciting cocktail hours on the legendary trading floor. Tickets are limited!
