Tesla stock rose 2.3% after the electric car maker announced in a SEC filing it bought $1.5 billion in bitcoin in January. Earlier Chinese state-owned publication The Global Times said China’s market regulator and four other government departments summoned the electric car maker to a meeting to discuss quality issues.
Apple stock fell 0.4% after South Korea’s Hyundai said Monday it is not now in talks with the iPhone maker on autonomous electric cars, just a month after it confirmed early-stage talks with the tech giant. Hyundai’s stock dropped over 6% in local trade.
AstraZeneca ADR rose 1% as the drugmaker said it will work on adapting its Covid-19 vaccine, after South Africa halted its planned rollout of the drug. Data showed Astra’s vaccine – which is central to the national vaccination plans of many poorer countries, gave minimal protection against mild infection from one variant, which was originally found in South Africa.
Palantir stock rose 11% after the software company announced it was partnering with IBM, up 0.8%, that will augment IBM’s artificial intelligence offerings and make them easier to use.
Global Payments stock rose 2.7% after the payments technology company announced a partnership with Google to develop a variety of cloud-based solutions for merchants. Its quarterly earnings also beat expectations.
Hasbro stock rose 1.2% after the toymaker beat estimates for quarterly revenue on higher demand for its board games and “Magic: The Gathering” collectible cards.
Energizer stock rose 5.5% after the battery maker beat quarterly earnings and revenue expectations, as well as increasing its full-year forecast, benefiting from increased demand and lower costs.
GameStop stock rose 7.3%, continuing to see volatile trading even as recent social media-hyped trading hysteria in other stocks appeared to be fizzling out.