Stocks making the biggest moves premarket: Walgreens, Levi Strauss, Micron and more
Have a look at the firms grabbing the spotlight prior to the market opening.
— The semiconductor production company’s shares dipped approximately 6% following the announcement of a revenue prediction of $7.6 billion for the current quarter, aligning with market predictions. Micron also witnessed a beat in third-quarter revenue and earnings.
— The biopharmaceutical company’s shares declined about 2% after the U.S. Centers for Disease Control and Prevention delayed recommending RSV vaccines for adults under 60.
— Stocks of the denim producer plummeted 15.4% as the second fiscal quarter revenue of $1.44 billion fell slightly short of the $1.45 billion consensus forecast by analysts surveyed by LSEG.
— The shares of this paper production company fell 13% after Suzano dropped talks for a possible acquisition of International Paper, stating they reached the maximum transaction value without any response from the potential acquiree.
— Stocks sank over 11% after the retail pharmacy firm missed third-quarter earnings estimates and revised down its full-year adjusted profit forecast. The company also revealed plans to close underperforming stores in a bid to reduce expenses.
— The domestic banking stock declined around 2% following the latest stress test results. The Federal Reserve stated that all 31 major U.S. banks could survive a severe hypothetical recession.
— Despite a fourth-quarter earnings and revenue beat, shares of the unmanned aerial vehicles manufacturer dropped 6%. However, the firm’s EBITDA prediction for the fiscal year 2025 was 5% lower than the market consensus, as per FactSet data.
— The financial institution saw a dip of over 1% in its stocks after J.P. Morgan downgraded it to neutral from overweight. Analyst Vivek Juneja cited potential pressure due to stricter capital demands post stress tests.
