Stocks making the biggest moves before the open: Apple, Oracle, Boot Barn, Mission Produce and more
Take a look at the companies making waves in the premarket trading scene.
— With a stunning 21.6% surge, this avocado producer is on the rise after their fiscal third-quarter revenue saw a 24% increase from a year ago, with sales reaching $324 million compared to last year’s $261.4 million. Its competitor, Calavo Growers also showed promise with a 6.5% climb after reporting 57 cents earnings per share, which exceeded analysts’ prediction of 43 cents, and the doubling of its quarterly dividend.
— Shares of the cloud infrastructure platform saw an 8% boost after surpassing estimates in its fiscal first quarter, reporting an adjusted $1.39 a share, beating the LSEG forecast of $1.32.
— The Western-style retailer experienced a 6% rise in shares after announcing a 4% growth in its fiscal second-quarter same-store sales.
— The tech giant saw its shares drop slightly after being ordered by the European Union’s top court to pay back $13 billion in taxes, following the release of the iPhone 16 and other products.
— Shares dipped in premarket trading by more than 5% due to plans of selling $1.35 billion of Series C mandatory company convertible preferred stock to finance the acquisition of Juniper Networks.
— Despite exceeding Wall Street’s estimates, shares of this data management software company fell nearly 7%. The company reported less loss than forecasted and revenue of $205 million.
— Shares of this oil and gas service provider increased over 7% after reporting an average of 107 rigs operating in the U.S. in August.
— U.S.-listed shares of this Chinese e-commerce company received a boost of more than 2% after being linked to stock connect programs of Shanghai and Shenzhen exchanges.
Johnson Controls International
— A near 2% rise in shares was recorded after an upgrade from neutral to buy by JPMorgan, citing the company’s data center enterprise and CEO search as catalysts.
— The beer brewer saw a 1.7% increase in shares after Morgan Stanley picked it as a top choice amongst global brewers, based on its valuation potential.
— This real estate investment trust recorded a 1.3% share increase following a Wells Fargo upgrade to overweight from equal weight based on its better-than-expected earnings over the summer.
