Stocks making the biggest moves premarket: GameStop, Lyft, Vail Resorts and more
Explore the front-runners in today’s pre-opening stock market moves.
— This viral stock fell 5% before the market opened, surrendering nearly 30% of earlier gains. In spite of revealing a surprising first-quarter earnings report with a net sale of $882 million, down 29% from last year, GameStop’s stock declined. The gaming retail giant also unveiled plans to sell additional stocks, supplementing the 45-million share sale in May that generated more than $900 million. The stocks reacted positively Thursday, rising 47% in response to an expected livestream by meme stock influencer Roaring Kitty.
— The ride-hailing service’s shares climbed over 3% as numerous analysts upgraded the stock to a buy following Thursday’s investor day. Lyft projects a compound annual growth rate of roughly 15% for gross bookings from 2024 to 2027.
— The owner of the ski resort saw an 8% drop in share value after revealing unsatisfactory quarterly results that fell short of Wall Street’s sales and net income expectations. The company’s earnings reached $9.54 per share on $1.28 billion in revenue.
— The footwear brand’s shares increased by 2% due to an upgrade to a buy rating from Bank of America, led by a favorable wholesale landscape and robust sales trends.
— DocuSign stocks dropped over 7% after presenting its fiscal second-quarter and full-year forward guidance, despite surpassing Wall Street’s first-quarter prediction. The e-signature enterprise’s board also authorized a $1 billion stock repurchase.
— The software creator’s shares plunged over 6% following the release of its second-quarter and full-year financial forecast, despite reporting better-than-anticipated first-quarter results. Samsara revealed adjusted earnings of 3 cents per share on $281 million in revenue, exceeding LSEG predictions for an EPS of 1 cent and $272 million in revenue.
— Braze stocks thundered ahead by 15% after the customer interaction platform reported a smaller-than-anticipated loss of 5 cents per share and exceeded revenue predictions. The firm also issued strong guidance for the current quarter and the entire year, predicting full-year revenue in the range of $577 million to $581 million.
