Today's Pre-Market Stock Movers: CRWD, OXY, SFIX, CRCT and More
Gapping up
$CrowdStrike(CRWD.US$ +6% (The cybersecurity firm accounced a stronger-than-expected report for the fourth quarter. CrowdStrike generated 47 cents in earnings per share on $637 million of revenue. Analysts surveyed by Refinitiv had penciled in 43 cents on $625 million in revenue. Free cash flow rose above $200 million for the quarter.)
$Occidental Petroleum(OXY.US$ +3% (A new regulatory filing showed Warren Buffett's Berkshire Hathaway added to its already large stake in the company over the past trading sessions. The Omaha-based conglomerate bought nearly 5.8 million shares of the oil company in a few separate trades on Friday, Monday and Tuesday, marking the first time the "Oracle of Omaha" hiked his bet since September.)
$Maxeon Solar Technologies(MAXN.US$ +15% (Shares of the Singapore-based solar panel company jumped nearly 15% in premarket trading after the company's fourth-quarter report. While Maxeon's loss per share was larger than expected, revenue topped analyst estimates, according to StreetAccount, as did adjusted EBITDA margins.
$Cricut(CRCT.US$ +7% (Cricut reported more than 20% growth in users and paid subscribers during the fourth quarter. Cricut's revenue was down year over year, but its gross margin expanded.)
$Atlantica Sustainable Infrastructure(AY.US$ +2% (The company received an upgrade from Bank of America. The investment firm said Atlantica is doing a strategic review that could unlock value for shareholders.)
$Nordstrom(JWN.US$ +2% (The retail stock received an upgrade to buy from Argus Research. The investment firm said Nordstrom has divested from the unprofitable parts of its business and now has healthy upside.)
Gapping down
$Stitch Fix(SFIX.US$ -9.46% (Stitch Fix reported a wider-than-expected loss for its second quarter. The company lost 58 cents per share, while analysts surveyed by Refinitiv had been expecting a loss of 34 cents per share. Stitch Fix did report its first quarter of positive free cash flow in more than a year.
$Tesla(TSLA.US$ -1% (Tesla was downgraded to hold from buy at Berenberg. The investment frim said there is "less room for disappointment" after a hot start to the year for Tesla's shares.)
Source: Dow Jones, CNBC
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