Stocks making the biggest moves premarket: Ulta Beauty, Walmart, Cisco Systems and more

Today’s Pre-Market Movers and Shakers

Ulta Beauty’s shares ballooned a staggering 13% in premarket trading. This jump occurred in response to Warren Buffett’s Berkshire Hathaway acquiring a $266 million stake in the company during Q2.

Walmart’s shares experienced a 7% surge due to remarkable earnings and revenue results, exceeding Wall Street’s expectations. The company anticipates a robust year ahead.

Cisco Systems has seen an increase of 6% in shares, thanks to impressive fiscal Q4 results, despite announcing a workforce reduction of 7% as part of a restructuring plan.

Tapestry, the company behind Coach and Stuart Weitzman, celebrated a 5% rise in its shares following robust quarterly results.

Nike’s stock enjoyed a 4% incline after Pershing Square Capital Management acquired its shares in Q2.

Snowflake experienced a 4% decline due to a downward revision by Wells Fargo brought on by perceived headwinds.

Lumentum Holdings, the optical provider, witnessed an impressive 14% jump in its stock, exceeding Q4 fiscal results forecasts.

Alibaba’s shares decreased by 4% due to its recent quarterly results falling short of expectations.

Deere’s shares rose by 2.5% as the agricultural machinery maker surpassed Wall Street’s Q3 expectations.

Robinhood’s shares increased by 2% following Deutsche Bank’s upgrade to a ‘buy’ rating.

Nucor’s stock experienced a 1% rise following an upgrade by Morgan Stanley, citing strong earnings growth potential.

Finally, Dutch Bros shares increased by 3% following an upgrade by UBS. The bank views fears over the coffee chain’s slowing growth as exaggerated, predicting an energized growth potential.