Stocks making the biggest moves premarket: Reddit, Applied Materials, Sandisk, Wayfair & more

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Stocks making the biggest moves premarket: RDDT, AMAT, SNDK, W Skip Navigation Markets Business Investing Tech Politics & Policy Video Watchlist Investing Club PRO Livestream Menu Check out the companies making the biggest moves premarket: Reddit The social media platform surged 12% after S & P Dow Jones Indices said Reddit would join the S & P 500, starting Aug. 18. The company will replace AvalonBay Communities. Applied Materials Shares lost more than 5% in premarket trading after the semiconductor manufacturing equipment maker posted Q2 results that failed to impress investors. The company earned an adjusted $3.50 per share on revenue of $9.12 billion. Sales within its key semiconductor systems division came in at $7.04 billion, only slightly above a FactSet consensus of $6.96 billion. Wayfair The online furniture retailer gained 4% after getting an upgrade from Bernstein to outperform from market perform. ""In a furniture market that is not growing, Wayfair i...

Stocks making the biggest moves premarket: AeroVironment, Strategy, Merck & more

Stocks making the biggest moves premarket: AVAV, MSTR, MRK Skip Navigation Markets Business Investing Tech Politics Video Watchlist Investing Club PRO Livestream Menu Check out the companies making the biggest moves in the premarket: AeroVironment The drone maker rallied 30% after reporting an earnings and revenue beat. AeroVironment earned $1.84 per share on revenue of $642 million . Analysts polled by LSEG expected a profit of $1.46 per share on revenue of $559 million. Digital Realty Trust The real estate investment trust sank 4.5% after agreeing to purchase a stake in three fully leased data centers from Blackstone for $7.8 billion . Merck , AbbVie Merck shares lost 0.6%, while AbbVie slid 0.5%, after Reuters reported that a U.S. House committee began a probe into whether the drugmakers were involved in trials that took place in China that aided the country's military capabilities. Strategy The crypto proxy stock lost more than 3%, giving back some of Monday's sharp gains. Strategy surged 22.6% in the previous session, snapping an eight-day losing streak. It was also the stock's best one-day gain since Feb. 6, when it soared 49.6%. Sellas Life Sciences Shares were up more than 3%, adding to their 24.7% surge from the previous session. Sellas rallied Monday after the company last week disclosed a change to its employment agreements with several C-suite executives. Specifically, the changes pertained to severance benefits. This could be a routine update or an indication that a takeover could be in the works. CNBC's Michelle Fox contributed reporting, along with Nicholas Wells.

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