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Social Buzz: Wallstreetbets Stocks Mixed Premarket; Aurora Cannabis Poised to Rise, Advanced Micro Devices to Fall

10/07/2022 | 06:39am
(MT Newswires) -- The most-mentioned stocks in the Reddit subforum Wallstreetbets were mixed hours before the opening bell on Friday.

Aurora Cannabis (ACB) soared 4.5% premarket, after rising 7.3% Thursday, while Canopy Growth (CGC) rose 1.1% premarket, after climbing 22% in the previous session. President Joe Biden said he will pardon people convicted of simple marijuana possession under federal law.

SNDL Inc. (SNDL) was down 3.2% premarket, after a 24% advance Thursday, while Tilray Brands (TLRY) was down 1% premarket, after rising 31% Thursday.

Tesla (TSLA) inched up 0.2% premarket, after a 1.1% fall Thursday. The company is starting the production of its Semi electric truck and PepsiCo (PEP) will receive the first deliveries on Dec. 1, Chief Executive Elon Musk said in a tweet Thursday.

Twitter (TWTR) was down 0.2% premarket, after a 3.7% decline in the previous session. The company's lawsuit against Elon Musk was halted on Thursday by a Delaware judge who gave the billionaire until Oct. 28 to close his proposed $44 billion acquisition of the social media company, according to multiple media reports Thursday.

Meme stock favorite GameStop (GME) was up 1.1% premarket, after slipping 1.5% Thursday.

Advanced Micro Devices (AMD) shed 6% premarket, adding to a small decline in the previous session. On Thursday, the company said it likely generated around $5.6 billion in revenue during its Q3 cut its fiscal Q3 ended Sept. 30, up 29% over year-ago levels, but lagging its prior forecast expecting between $6.5 billion to $6.9 billion in Q3 revenue.

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