Stocks making the biggest moves premarket: AMC, USA Rare Earth, Lululemon, Adobe & more
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Stocks making the biggest moves premarket: AMC, USAR, LULU, ADBE Skip Navigation Markets Business Investing Tech Politics & Policy Video Watchlist Investing Club PRO Livestream Menu Check out the companies making the biggest moves in premarket trading: AMC Entertainment The movie theater company gained 5.5% after its CEO slammed Robinhood for its stock tokens for AMC and others, calling the practice contemptible, outrageous and vile. Shares of Robinhood slipped nearly 2%. Equifax , TransUnion The credit monitoring companies shed xx and xxx, respectively. Federal Housing Finance Agency Director Bill Pulte said on X late Thursday that Equifax, TransUnion and Experian have been "overcharging Americans for too long. This will end soon." Rare earth stocks Shares of rare earth companies moved higher following a Reuters report that some Chinese firms halted U.S. shipments due to geopolitical concerns. USA Rare Earth and Critical Metals both added roughly 4%, while MP Materials and Energy Fuels rose about 3%. Smith & Wesson The firearms manufacturer reported a beat on the top and bottom lines, sending shares 11.7% higher. Smith & Wesson saw quarterly earnings of 6 cents per share, versus the 6 cent loss expected from analysts polled by FactSet. Revenue came in at $112.6 million, compared to the $98.7 million consensus estimate. Lululemon Athletica Shares of the sportswear manufacturer tumbled 20% after the company posted a glum forecast for the current quarter. Lululemon called for earnings in a range of 93 cents to 98 cents per share on revenue of $2.29 billion to $2.32 billion. Analysts were looking for $2.40 per share and $2.53 billion. Zscaler The cloud security company's stock slipped nearly 2% despite its earnings beat. Zscaler posted fourth-quarter adjusted earnings of $1.19 per share on revenue of $898 million, topping the LSEG consensus call for $1.09 per share on $877 million. Guidance for the current quarter also beat expectations. Adobe The software company announced Anil Chakravarthy would be its next CEO . He succeeds Shantanu Narayen who said last March that he would step down from the role. Shares were last down nearly 3%. Planet Labs Shares of the satellite imagery company advanced 13% on the back of strong second-quarter results. Planet Labs posted adjusted earnings of 2 cents per share on revenue of $116.1 million. Analysts polled by FactSet were looking for a loss of 2 cents per share and $104.5 million in revenue. Asana Shares of the work management software platform tanked 9.5% after current quarter guidance failed to impress the Street. Asana sees third-quarter revenues in a range of $217 million to $219 million and adjusted earnings of 8 cents per share. Analysts polled by LSEG sought 9 cents per share in earnings and $218 million in revenue. Guidewire Software The platform for insurers tumbled 14.5% after revenue guidance for the current quarter fell short of expectations. Guidewire sees revenue ranging from $372 million to $378 million, versus the LSEG consensus estimate of $387 million. Samsara The software company with a focus on Internet of Things surged...
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