Stocks making the biggest moves premarket: Delta, Circle, Vodafone, Intel and more
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Stocks making the biggest moves premarket: DAL, CRCL, INTC & more Skip Navigation Markets Business Investing Tech Politics Video Watchlist Investing Club PRO Livestream Menu Check out the companies making the biggest moves premarket: WD-40 Company Shares of the maker of household and industrial lubricants rallied more than 15% after it posted third-quarter earnings of $2.33 per share, on an adjusted basis, which topped the $1.56 earnings per share expected by analysts polled by FactSet. The company also hiked its full-year guidance. Delta Air Lines The stock slipped more than 3% despite the company beating top- and bottom-line estimates in its second-quarter earnings report . CEO Ed Bastian told CNBC in an interview that he expects pricing power from the surge in jet fuel prices for the company to last, even as oil prices fall. Circle Internet Group Shares rose more than 13% after the fintech company received approval from the U.S. Office of the Comptroller of the Currency to launch its crypto-focused bank. CEO Jeremy Allaire said in a news release that the approval marked a key moment in bringing blockchain technology into the core of the financial system. Vodafone Group U.S.-listed shares of the telecommunications company jumped 13% after it was revealed French billionaire Xavier Niel took a 16% stake in the company, worth about $6 billion. That makes Niel the largest Vodafone shareholder. Netflix The streaming platform edged higher after a report from the Wall Street Journal that the company has discussed adding live television channels to its offerings and explored bundling their product with other streaming services. The Journal, which cited people familiar with the matter, added that the discussions came as subscriber engagement showed signs of decline. Marvell Technology , Intel , Sandisk Ahead of the debut of South Korean chipmaker SK Hynix on the Nasdaq, memory and chips stocks were broadly lower. Leading the declines were Intel, which was off almost 2%, and Sandisk, which slipped more than 1.5%. Marvell Technology was also off by 1%. Twilio , Shopify The shares of both companies posted gains after Stifel upgraded the stocks to buy. Analysts at the firm said Twilio has the right tools to capitalize on the artificial intelligence cycle, and that Shopify can continue to execute further share gains in the e-commerce space. Twilio and Shopify both rose by 2%. Strategy , Coinbase The crypto-exposed stocks both posted gains around 5% as bitcoin prices crossed $64,000 for the first time since mid-June. Meta Shares of the hyperscaler gained 3.5%, continuing a Thursday rally that was driven by a Reuters report that the company is looking to put an AI chip into production in September. The stock is now tracking to end the week higher by about 12%. CNBC's Sarah Min contributed reporting Correction: This story has been revised to reflect that Delta Air Lines' CEO is Ed Bastian. A previous version misspelled Bastian's name.
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