By Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Thursday, April 8th. Please refresh for updates.
GameStop (NYSE:GME) stock rose 4.8% after the games company announced plans to elect Ryan Cohen, the videogame retailer's biggest shareholder and board member, as chairman following its annual meeting.
ConAgra Foods (NYSE:CAG) stock rose 0.7% after the packaged foods company updated its guidance, seeing sustained at-home product demand.
Constellation Brands (NYSE:STZ) stock fell 3.4% after the brewer announced a fall in fourth-quarter profit, while also declaring a 1.5% increase in its quarterly dividend.
AstraZeneca (NASDAQ:AZN) ADR rose 3.1% after the U.K. and European medical regulators acknowledged a possible link between the drug maker’s vaccine and potentially dangerous blot clotting disorders, but both argued that the benefits of taking it still outweigh the risks.
Gilead (NASDAQ:GILD) stock rose 0.8% after the biopharmaceutical company won full FDA approval for its breast cancer drug Trodelvy.
Twitter (NYSE:TWTR) stock rose 1.1% after Bloomberg reported that the social media giant held recent discussions to buy audio app Clubhouse for around $4 billion, but discussions were no longer ongoing.
Box (NYSE:BOX) stock fell 8.1% after the cloud computing company announced a $500 million investment from funds run by private-equity firm KKR, with the company planning to use most of the funds for a stock buyback.
Costco (NASDAQ:COST) stock rose 0.9% after the membership-based retailer reported a 16% rise in same-store sales for March, including online sales surging over 57% compared with a year earlier.
Bilibili (NASDAQ:BILI) stock rose 3.2% after Reuters reported that the Chinese online video site was in talks to buy a 24% stake in video game company Yoozoo Games as part of a nearly 5 billion yuan ($765 million) deal.
Canopy Growth (NASDAQ:CGC) stock rose 1.5% after announcing it was buying Toronto-based Supreme Cannabis for 435 million Canadian dollars ($345 million) in a stock and cash deal.