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Premarket Movers: GameStop Soars, Crypto Stocks Decline, Honda Jumps on Merger Talk

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GAMESTOP,CRYPTOCURRENCY,HONDA

GameStop leads the charge with a 4% surge, while crypto stocks fall on Bitcoin's dip. Honda climbs on Nissan merger rumors, and Starbucks dips amidst worker strikes. American Airlines takes a hit after a computer glitch grounded flights.

GameStop shares jumped more than 4%, extending their gains from Tuesday. The video game retailer has risen four straight days and climbed more than 77% in 2024. Crypto stocks moved lower as the cryptocurrency slid on Thursday. Shares of bitcoin proxy MicroStrategy fell about 3%, and crypto services provider Coinbase dropped about 2%. Bitcoin miner Riot Platforms pulled back more than 2%. Honda U.S.

-listed shares rose more than 4%, bringing this week's advance to about 14%, on the heels of merger talks announced at the start of the week with fellow Japanese automaker Nissan. The move also comes amid a rally among Asia-Pacific stocks following a report that Japan's government is reportedly set to propose a record $735 billion budget. Starbucks shares edged down 0.4% after the coffee chain's workers expanded a strike earlier this week. The holiday work action now affects more than 300 stores in 45 states. American Airlines fell 0.6% after the Fort Worth-based carrier was forced to temporarily halt flights on Tuesday morning due to a computer glitch that caused a systemwide ground stop. American ended Tuesday 0.6% higher

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