Stocks showing the biggest moves premarket: WMT, TTWO, BBWI
Sale signs at the Bath and Body Works store in Edmonton. On Thursday, January 6, 2022, in Edmonton, Alberta, Canada.
Arthur Widak | Nurphoto | Getty Images
Check out the companies making headlines before Thursday’s bell.
Walmart – Shares of the retail giant are up more than 1.5% in premarket trading after the company raised its full-year guidance and reported a nearly 8% increase in sales for the first fiscal quarter, indicating the strength of its major grocery business, which helped offset weaker apparel and electronics sales. Walmart also reported stronger-than-expected adjusted earnings and sales, according to Refinitiv.
Interactive Take Two software – The video game company surged 14% after posting better-than-expected sales in the fiscal fourth quarter. Take-Two Interactive posted a weaker-than-expected outlook, but hinted that a strong outlook for the gaming space could drive strong growth thereafter.
Bath and body works — Shares of the personal care and fragrance retailer rose nearly 10% premarket after the company announced stronger-than-expected earnings and sales for the most recent quarter. Bath & Body Works also raised its full-year earnings guidance.
boot barn – The western shoe brand fell more than 13% ahead of the IPO. Boot Barn reported third-quarter revenue and guidance that fell short of Wall Street expectations.
Cisco systems – Cisco Systems shares lost 4% after the company reported a 23% drop in orders for the fiscal third quarter.
Regional Bank Stocks – Shares in many hard-hit regional bank stocks rose before the bell, building on Wednesday’s gains. PacWest, Western Alliance And Zion’s Ban Corporation increased by 7%, 3.9% and 1.3% respectively. The SPDR S&P Regional Banking ETF added more than 1%.
Alibaba — The Chinese e-commerce company fell 1% after posting mixed results last quarter. Sales fell short of Wall Street expectations. Alibaba also said it plans to list its cloud division.
Micron technology – Shares of the memory chip maker rose 2% after it was announced that the company is planning a multi-billion dollar investment in Japan to boost dynamic production of random access memory chips there.
synopsis – Synopsys gained 2% after reporting better-than-expected quarterly results. The software company also released stronger-than-expected full-year revenue and earnings growth guidance.
Sony — The stock gained almost 4% after the company announced it Start with the assessment a partial spin-off of its financial services business. Sony would list Sony Financial Group stock in about two to three years and still own about 20% of the company.
— CNBC’s Yun Li, Tanaya Macheel and Michelle Fox contributed coverage
https://www.cnbc.com/2023/05/18/stocks-making-the-biggest-moves-premarket-wmt-ttwo-bbwi.html Stocks showing the biggest moves premarket: WMT, TTWO, BBWI