Today's Pre-Market Stock Movers: GTLB, SIG, JPM, RCL and More
Gapping up
$Gitlab(GTLB.US$ +18.7% (The company reported a better-than-expected quarterly results for the maker of development operations software, with a smaller loss than analysts had anticipated and sales that exceeded consensus estimates. GitLab also issued an upbeat outlook.)
$Textron(TXT.US$ +9.6% (the company's Bell unit won a U.S. Army contract to provide next-generation helicopters. The contract could potentially be worth about $70 billion over a period spanning decades.)
$Signet Jewelers(SIG.US$ +8.1% (The jewelry retailer reported quarterly profit of 74 cents per share, well above the 31 cents a share consensus estimate. Revenue beat consensus estimates as well. Signet's same-store sales decline of 7.6% was in line with analysts' estimates.)
$AutoZone(AZO.US$ +0.71% (AutoZone beat top and bottom line consensus for its latest quarter, with the auto parts retailer also reporting a larger-than-expected rise in comparable-store sales. )
$GE Aerospace(GE.US$ +1.4% (General Electric was upgraded to "outperform" from "perform" at Oppenheimer, which also set a price target of $104 per share. The report is upbeat on GE's aviation and power operations, among other factors.)
$JPMorgan(JPM.US$ +1.5% (The bank's stock rose 1.5% in the premarket after Morgan Stanley double-upgraded it to "overweight" from "underweight," pointing to a variety of factors including growing market share for the company's Consumer & Community Bank and improved operating leverage.)
Gapping down
$Herbalife(HLF.US$ -9.8% (the nutrition and health products company announced a $250 million convertible note offering. Herbalife plans to use the proceeds to repurchase existing debt and for general corporate purposes.)
$Royal Caribbean(RCL.US$ -2.1% (Royal Caribbean received a double-downgrade to "underweight" from "overweight" at J.P. Morgan Securities. The analyst report is generally upbeat on the outlook for cruise stocks but notes that Royal Caribbean is particularly vulnerable to a less favorable market for raising capital given the timing of its future financial commitments.)
$Axon Enterprise(AXON.US$ -2.7% (the Taser maker announced a $500 million convertible notes offering.)
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