Stocks making the biggest moves premarket: Coursera, WW International, DexCom, Deckers and more
Here’s a rundown of the companies that are making waves in the early trading hours:
CrowdStrike’s shares saw a slight boost of almost 2% after CEO, George Kurtz, announced that nearly all of the Window sensors were back in action post a major IT outage last week. Nonetheless, the stock is currently tracking a 17% loss for the week.
Semiconductor stocks including Nvidia, Broadcom, Advanced Micro Devices, Qualcomm, and Micron Technology each moved up over 2%, in an effort to regain their footing after a shaky week.
Deckers Outdoors experienced a whopping 12% surge, following an impressive first-quarter earnings and revenue report that exceeded expectations set by analysts at LSEG.
Dexcom faced a harsh drop of over 36% after failing to meet revenue expectations for the second quarter. The company also lowered its revenue projections for the fiscal year.
Boston Beer’s shares slipped by 2% after a less than stellar second-quarter earnings report that fell short of LSEG analyst estimates.
Coursera saw a significant rally of 26% after surpassing analyst expectations for the second quarter, despite reporting a loss per share.
Mohawk Industries leapt 14% following a strong quarterly performance on both the top and bottom lines. The company also announced cost-saving measures aiming at $100 million in annual savings.
3M, the industrial heavyweight, grew nearly 7% after posting second-quarter earnings and revenue that outperformed analyst expectations as per LSEG.
Bristol Myers Squibb’s stock hiked 4% after a second-quarter report that exceeded analyst expectations, with a 9% year-on-year revenue increase.
Norfolk Southern shares climbed almost 8% post a strong second-quarter earnings report that surpassed LSEG analyst estimates.
WW International, the parent company of Weight Watchers, shed 5.3% after a downgrade from Morgan Stanley, citing obesity medications as a long-term challenge to the core business.
Charter Communications picked up 9% after reporting second-quarter adjusted EBITDA and revenue that outperformed analyst expectations.
Lastly, Coinbase shares increased 4%, tracking the upward movement of Bitcoin after a previous pullback.