Stocks making the biggest moves premarket: American Eagle Outfitters, Five Below, MicroStrategy & more

Take a glance at the corporations that have been in the spotlight in pre-market trading.

American Eagle Outfitters

• The clothing retailer’s shares plunged almost 14% due to a lackluster holiday forecast. American Eagle Outfitters expects a mere 1% rise in comparable sales and a 4% drop in total sales for the period, falling short of StreetAccount’s anticipated 2.2% in comparable sales growth.

Five Below

• Shares in the discount store shot up 14% following a strong third quarter where earnings and revenue surpassed predictions. Five Below announced adjusted earnings of 42 cents per share with $844 million in revenues, outperforming LSEG’s forecast of 17 cents on revenues of $799 million.

Crypto stocks – Cryptocurrency-related stocks surged as Bitcoin broke the $100,000 mark for the first time. MicroStrategy saw a nearly 8% boost, Robinhood Markets rose 6%, while Mara Holdings and Riot Platforms increased 5% and 6% respectively.

Hewlett Packard Enterprise

• The tech company’s shares climbed nearly 4% after Morgan Stanley upgraded them to overweight prior to earnings, pointing to an appealing short-term value proposition.

Dollar General

• The bargain retailer’s shares grew 1.9% after reporting a quarterly revenue beat and minor increase in same-store sales. Dollar General’s same-store sales rose by 1.3% in the third quarter, surpassing a StreetAccount forecast of 1%, though the company did reduce its full-year earnings guidance.

SentinelOne

• The cybersecurity stock shed 15% due to mixed quarterly results. SentinelOne’s breakeven adjusted earnings for the third quarter fell below the 1 cent per share profit predicted by LSEG analysts, albeit revenues slightly surpassed estimates.

Kroger

• The supermarket’s shares dropped 2% as third-quarter sales disappointed. Kroger’s revenue for the quarter was $33.63 billion, under the $34.19 billion projected by FactSet. The company also narrowed its full-year earnings guidance.

Sprinklr

• The social management software firm’s shares appreciated over 5% after third-quarter results beat predictions. Sprinklr reported adjusted earnings of 10 cents per share, more than the 8 cents per share foreseen by analysts according to FactSet. Its revenue of $200.7 million also exceeded the $196.4 million consensus estimate.

AeroVironment

• Shares slipped roughly 10% following weak full-year guidance from the uncrewed aircraft systems manufacturer. AeroVironment forecasts full-year revenue between $790 million and $820 million, below the $828 million expected by LSEG analysts. Projected full-year adjusted earnings were also unimpressive.

Chargepoint

• The electric vehicle charging stock zoomed up almost 11%. Chargepoint declared a smaller net loss than last year and beat revenue forecasts.

Synopsys

• Shares tumbled 8% due to a disheartening first-quarter earnings and revenue outlook. The firm expects earnings per share to range between $2.77 and $2.82, significantly less than LSEG’s estimated $3.53. Also, revenues are projected to fall short of the expected $1.631 billion.

Signet Jewelers

• The jewelry retailer’s shares nose-dived nearly 15% after slashing its previous earnings and revenue forecast and delivering third-quarter results that missed estimates. The firm now predicts yearly earnings between $6.74 and $6.81 billion, compared to its previous forecast of $6.66 to $7.02 billion.