Amazon, Take-Two Interactive, Coinbase Fall Premarket; AutoZone Rises

By Peter Nurse — Stocks in focus in premarket trade on Monday, September 19th. Please refresh for updates.

Amazon (NASDAQ:AMZN) stock fell 1% after the Spanish press reported that the online retail giant has suspended the construction of new warehouses in Spain until 2024, as pandemic-driven online shopping has slowed down.

AutoZone (NYSE:AZO) stock rose 2.7% after the auto parts retailer impressed with its latest quarterly results, with same-store sales rising 6.2% from a year ago. Take-Two Interactive (NASDAQ:TTWO) stock fell 5.6% after Bloomberg reported that gameplay from the video game company’s upcoming Grand Theft Auto IV game had been released online by a hacker, in what would be a massive leak. Coinbase (NASDAQ:COIN) stock fell 4.8% after the crypto exchange operator suffered from the multi-month lows of many of the cryptocurrencies.

Tesla (NASDAQ:TSLA) stock fell 1.1%, weighed like many heavyweight tech stocks by concerns of a hefty Fed hike, despite Shanghai authorities saying that the electric car maker has completed a project to expand production capacity at its Shanghai plant.

Adobe (NASDAQ:ADBE) stock fell 1.4% after Wells Fargo downgraded its investment stance on the software company to ‘equal weight’ from ‘overweight’, saying the $20 billion purchase of Figma raises questions.

Array Technologies (NASDAQ:ARRY) stock rose 2.9% after Piper Sandler upgraded its view of the provider of solar-tracking technology to ‘overweight’ from ‘neutral’, saying the stock can rise nearly 60%.

NCR (NYSE:NCR) stock fell 2.2% after Morgan Stanley downgraded its stance on the maker of ATMs and point-of-sale systems to ‘equal weight’ from ‘overweight’, saying investors need clarity after the company’s split announcement.

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