Stocks making the biggest moves premarket: Pinterest, Match Group, Advanced Micro Devices and more
Headlines at the market opening are usually filled with companies getting attention due to their financial reports and other corporate events.
DuPont’s shares surged by 5% due to impressive Q2 results and an optimistic outlook for the rest of the year. The results exceeded analysts’ predictions, with DuPont generating earnings of 97 cents per share on $3.17 billion in revenue.
Intel made waves with a share increase of over 2%, triggered by information about potential job cuts revealed in a Bloomberg article.
Shares of Microsoft fell by 3% after the tech giant failed to meet projections for its cloud computing results, despite reporting overall strong earnings and revenue.
Advanced Micro Devices shares soared nearly 9% following better-than-expected earnings and revenue reported after hours on Tuesday.
Arista Networks started the day with a 5% jump in shares after beating Wall Street expectations in their Q2 results, hitting adjusted earnings of $2.10 per share on $1.69 billion in revenue.
Pinterest saw an 11% slump in share price due to lower than expected revenue guidance for Q3, failing to meet the $908.6 million consensus estimate.
Shares of Starbucks, the global coffee chain, rose by 4% even as net sales dropped in Q3; the company has retained its full-year outlook.
Skyworks Solutions saw a slight decline of 1% in shares after adjusted earnings failed to meet expectations, despite revenue surpassing the consensus.
Upstart shares increased by 6% after an upgrade from underperform to outperform by Mizuho analyst Dan Dolev, who believes the stock’s future looks promising due to an improved borrower risk profile and likely lower interest rates.
Boeing shares were up by 2% following the announcement of a new CEO, former Collins Aerospace CEO Kelly Ortberg, taking over from Dave Calhoun.
Live Nation Entertainment and AutoNation shares saw minimal movement despite Q2 revenue matching expectations and falling short of analysts’ projections, respectively.
Humana saw a sharp drop of over 7% in their share values, as uninspiring earnings guidance overshadowed better-than-expected Q2 results.
Kraft Heinz’s shares slightly increased after Q2 earnings beat estimates, even though revenue was less than expected.
Marriott International saw a 4% decline in share price after Q2 revenue fell short of predictions, despite stronger-than-expected adjusted earnings.
T-Mobile went up by 3.2% following a solid Q2 performance with both earnings and revenue surpassing estimates, leading to an elevated full-year customer addition forecast.
Match Group, the owner of popular dating app Tinder, surged 9% after Q2 revenue topped estimates, alongside an announcement to halt live streaming services in its dating apps and sunset the Hakuna app.
Vistra shares surged by an impressive 13% after receiving a 20-year license extension from the Nuclear Regulatory Commission for the operation of its Comanche Peak Nuclear Power Plant.
Constellation Energy saw its valuation rise nearly 12% after Clearing 17.6 gigawatts of power capacity from 2025 to 2026 in the mid-Atlantic grid operator PJM.
Bunge shares fell by 6.5% due to a significant Q2 net income drop of 88% to $70 million, as compared to $622 million in the same period last year.