Take a look at some of the biggest movers in the premarket:
RH (RH) – RH gained 8.4% in pre-trading after reporting quarterly earnings of $ 4.89 per share, above the consensus estimate of $ 4.10 per share. The home textiles retailer formerly known as Restoration Hardware also reported better than expected sales and raised its full year outlook.
Signet Jewelers (SIG) – Signet gained 6.3% in pre-market trading after beating a consensus estimate of $ 1.27 on quarterly earnings of $ 2.23 per share. The jewelry retailer’s sales also exceeded estimates, as sales in the same store more than doubled compared to the previous year. Signet has also raised its full-year revenue forecast.
GameStop (GME) – GameStop has redesigned its executive suite by hiring two former Amazon executives in top positions, with Matt Furlong as CEO and Mike Recupero as Chief Financial Officer. In addition, the video game retailer reported better-than-expected quarterly results and said the Securities and Exchange Commission was seeking information on the recent trading frenzy in its stock. GameStop also said it could sell 5 million additional shares from time to time. The share lost 5.5% in the premarket.
Clover Health (CLOV), Wendy’s (WEN), WWE (WWE), Clean Energy Fuels (CLNE) – The latest of the so-called “meme stocks” are keeping an eye out for today as they spark interest on social media 1.8% after down 23.6% on Wednesday, Wendy’s gained 1.8% after falling 12.7% yesterday, and wrestling and entertainment company WWE was up after a 10.9 increase % up 2.4% on Wednesday Gas Providers – rebounded 5.6% in pre-market trading after rising 31.5% on Wednesday.
The Original BARK Company (BARK) – Jefferies began reporting the dog products company with a “Buy” rating, citing strong subscription growth and a move to re-classify brand equity. The company formerly known as BarkBox began trading under its new name and ticker symbol last week after it merged with blank check company Northern Star Acquisition. The share gained 3.8% before the trading session.
ServiceNow (NOW) – The provider of workflow platforms recorded a price increase of 2.4% in the premarket after its inclusion in the “Conviction Buy” list at Goldman Sachs. Goldman cites the improvement in near-term fundamentals and the potential to increase subscription income.
Fastly (FSLY) – The shares of the cloud computing company fell 2.2% in the premarket after Oppenheimer was downgraded from “outperform” to “perform”. Oppenheimer said Fastly responded quickly and appropriately to this week’s internet outage, but noted that the cost to customers of switching cloud provider was relatively low.
Boeing (BA) – United Airlines (UAL) is reportedly in advanced talks to purchase a significant number of large narrow-body aircraft, including at least 100 Boeing 737 Max jets. People familiar with the matter told Bloomberg the talks were part of a broader fleet overhaul at United. Boeing shares gained 1% in pre-trading.
Tesla (TSLA) – Tesla plans to launch its new Model S plaid today at its Fremont, Calif. Facility, with the event scheduled for 7:00 p.m. PT / 10:00 p.m. ET. The high-end version of the Model S costs just under $ 120,000 and has an estimated range of 390 miles.
Roblox (RBLX) – Roblox is facing a copyright infringement lawsuit by a group of music publishers. The video game platform company has been accused of letting developers insert music players into games that play copyrighted music without permission or payment.
Verint Systems (VRNT) – Verint Systems reported quarterly earnings of 44 cents per share, beating the consensus estimate of 35 cents. Revenue for the customer relationship software company was also higher than analysts’ forecasts, and Verint raised its forecast for the full year.