By Joe Woelfel

Stock futures declined Thursday as Wall Street reopened after the Christmas Day break.

These stocks were poised to make moves Thursday:

Tesla was up 1% in premarket trading after rising 7.4% on Tuesday and finishing as the best-performing stock in the S&P 500 during the session. Tesla has gained 86% this year. The electric-vehicle maker will be releasing fourth-quarter deliveries next week. Analysts expect Tesla to deliver roughly 510,00 vehicles, according to various consensus aggregators, a record for any quarter.

Shares of Super Micro Computer were rising 0.7%. The server maker gained 6% on Tuesday. The stock -- after an up and down 2024 -- has traded between $18 and $119 since Jan. 1. For the year, Super Micro stock has gained 21%. The company has delayed filing its latest financial reports but earlier this month received an extension until Feb. 25, which helped it avoid the immediate threat of delisting from the Nasdaq.

MicroStrategy, the world's largest corporate holder of Bitcoin, was falling 3.4% after rising 7.8% on Tuesday and declining 8% on Monday. In a filing late Monday with the Securities and Exchange Commission, MicroStrategy asked shareholders for approval to boost the authorized number of the company's class A common shares outstanding to 10.33 billion from the current 330 million. Andrew Bary of Barron's noted that would be enough stock at MicroStrategy's current share price to purchase all of the world's Bitcoin, or nearly 20 million coins. Bitcoin has declined 3.2% over the past 24 hours to $95,403.

GameStop rose 3.6%. Keith Gill -- the influential trader known as 'Roaring Kitty' -- issued a tweet on Christmas Day of a photo of a present without comment. While the meaning of the tweet was unclear, it served as a cue to his followers to have a look at shares of the videogame retailer

Uber Technologies was up slightly in premarket trading even as the ride-hailing company's planned $950 million takeover of Delivery Hero's Foodpanda delivery business in Taiwan was blocked because of anti-competition concerns. In a statement, Uber said it disappointed by the decision of Taiwan's antitrust regulators but would continue to invest in Taiwan, which it said was "still one of the global markets with the highest growth and full of food delivery business opportunities."

American Airlines declined 0.9% in premarket trading. The carrier suffered flight delays on Christmas Eve but avoided deeper problems after technical issues temporarily grounded all nationwide flights on one of the busiest travel days of the year. "A vendor technology issue briefly affected flights this morning," the airline said in an emailed statement to Barron's after the ground stop was lifted Tuesday morning. The issued was linked to systems managed by DXC Technology, which maintains the airline's flight operating system. DXC fell 0.4% in premarket trading.

Netflix dipped in premarket trading after the streaming giant's first foray into broadcasting National Football League games went off with few glitches on Christmas Day, in contrast with its broadcast last month of a boxing match between Jake Paul, a 27-year-old internet influencer, and Mike Tyson, a 58-year-old former heavyweight champion. That show was hit with technical issues, with users reporting significant buffering and lag times.

Write to Joe Woelfel at joseph.woelfel@barrons.com

This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

December 26, 2024 08:35 ET (13:35 GMT)

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