Stocks making the biggest moves premarket: Target, Dolby Labs, Nio, Netflix and more
November 20, 2024 at 9:03 am - by Editor Prism MarketView
Here are the companies making waves in the market before the market opens.
- The Minneapolis-based retailer saw a drop of over 17% in shares after it did not meet the predicted third-quarter earnings and revenue estimates. This led the company to cut down its annual guidance, just after three months of increasing the same. The company saw only a marginal boost in customer traffic and according to the CEO, they experienced a “lingering softness in discretionary categories.”
- The NBCUniversal owner saw more than a 2% rise in its shares following the announcement that it will segregate its cable assets, including CNBC and MSNBC, into a different publicly-held company. The spinoff process is set to take about a year, according to Comcast. The parent company was advised by Goldman Sachs and Morgan Stanley.
- Shares of the Atlanta-based air carrier dipped more than 1% after maintaining its fourth-quarter outlook. Next year, the company anticipates sales growth to be in the mid-single digits, which aligns with analysts’ expectations.
- The U.S. shares of this Chinese electric vehicle company declined more than 2% after its third-quarter revenue fell short of expectations. Nio’s sales for this period amounted to 18.67 billion yuan, which marks a 2.1% decrease year-on-year.
- Shares of this audio technology firm skyrocketed nearly 15% after its quarterly results surpassed Wall Street’s predictions. Dolby made 61 cents per share in its fiscal fourth quarter, beating estimates.
- Robinhood’s shares increased over 3%, building on Tuesday’s positive momentum. Following news of its acquisition of TradePMR for enhanced advisory capabilities, Needham upgraded the stock.
- This electronic test and measurement equipment manufacturer saw a climb of over 9% in its shares after reporting better-than-expected results for the fiscal fourth-quarter.
- AppLovin’s shares went up by 2.3% after Piper Sandler initiated a research coverage with a price target, indicating a significant potential for growth.
- The shares for this electrical equipment company plummeted by 13% due to a decrease in new orders in the fiscal fourth quarter.
- The shares for this server maker moved down by over 2% following a 31% rise on Tuesday.
- A nearly 1% gain was noticed in Netflix’s shares after announcing that the last week’s boxing match between Mike Tyson and Jake Paul gathered 108 million global viewers, making it the most-streamed global sporting event ever.
