GameStop, BowX Acquisition and Morgan Stanley Rise Premarket; Nio Falls

GameStop, BowX Acquisition and Morgan Stanley Rise Premarket; Nio Falls

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By Peter Nurse 

Investing.com -- Stocks in focus in premarket trade on Friday, March 26th. Please refresh for updates.

GameStop (NYSE:) stock rose 6.6%, continuing to push higher after gaining over 50% on Thursday. The video games retailer has become very popular among retail traders on Reddit message boards, but weakened substantially on Wednesday after quarterly results when it stated it was considering selling more stock.

BowX Acquisition (NASDAQ:) stock rose 5.2% after the special purpose acquisition vehicle agreed to merge with WeWork in a new deal to take the office-sharing company public. It values WeWork at $9 billion, substantially below its one-time valuation of around $47 billion. 

Nio (NYSE:) ADR fell 7.9% after the Chinese electric vehicle maker said it would halt production for five working days at its Hefei plant, due to a shortage in semiconductor chips. It also cut its first quarter delivery forecast to around 19,500 vehicles, compared with the 20,000 to 20,500 vehicles it