Today's Pre-Market Stock Movers: LCID, GNRC, SCS, GIS and More
Gapping up
$Steelcase(SCS.US$ +3% (Steelcase gained 3% in the premarket after the office furniture maker reported better-than-expected quarterly earnings and issued an upbeat profit forecast. Steelcase’s quarterly revenue fell short of Wall Street forecasts as did its revenue forecast, however, but its backlog of orders is 3% higher than it was a year ago.
$Lucid Group(LCID.US$ +5.81% (the electric vehicle maker raised more than $1.5 billion in a series of stock sales.)
$The Trade Desk(TTD.US$ +1.7% (the digital advertising firm's stock was rated "overweight" in new coverage at Piper Sandler.
$Beam Therapeutics(BEAM.US$ +2.2% (Beam was upgraded to "outperform" from "market perform" at BMO Capital. BMO expects positive announcements from Beam’s partner $Verve Therapeutics(VERV.US$ to help drive the stock higher.
Gapping down
$General Mills(GIS.US$ -1.3% (General Mills reported better-than-expected profit and revenue for its latest quarter, and it raised its full-year forecast. The food producer was helped by higher prices which were only partially offset by increased input costs.)
$Rocket Lab(RKLB.US$ -1.3% (Rocket Lab announced a delay in its first rocket launch from the United States. Rocket Lab cited both poor weather conditions as well as regulatory delays stemming from the processing of documentation by NASA and the Federal Aviation Administration. As a result, Rocket Lab cut its revenue forecast for the fourth quarter.)
$Generac(GNRC.US$ -1.5% (Baird downgraded it to "neutral" from "outperform," saying Generac's end markets have not yet reached a bottom and inventory levels are still in the process of returning to normal.)
$Stitch Fix(SFIX.US$ -1.6% (The stock was downgraded to "neutral" from "underweight" at J.P. Morgan Securities, even after an 82% year-to-date decline. The firm says the online clothing styler is struggling with its transition to "Fix + Freestyle" business model.)
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
Read more
Comment
Sign in to post a comment
Moomoo Official Account
Chasing hot stocks
41KFollowers
15Following
34KVisitors
Follow
SpyderCall : Good stuff!