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Premarket Stocks Moving Most Strongly

Below are some rewritten versions of the companies making headlines before the bell today:

1. PVH: The parent company of Calvin Klein and Tommy Hilfiger saw its shares plummet over 21% due to weak revenue guidance for the first quarter and full year. Despite beating quarterly estimates, PVH warned of challenging economic conditions and specific weaknesses in Europe.

2. Humana, UnitedHealth: Health insurance managed care stocks experienced declines as the Center for Medicare and Medicaid Services announced a 3.7% increase in rates for the 2025 calendar year, slightly lower than expected. Humana dropped 9.6%, CVS Health fell 5.3%, and UnitedHealth Group declined 4%.

3. Estee Lauder: Shares of Estee Lauder rose over 2% following an upgrade by Citi from neutral to buy. The Wall Street bank believes Estee Lauder is approaching a turning point as its channel inventories and financials normalize.

4. Blackstone: Blackstone’s stock slipped 1% after UBS downgraded the alternative asset manager to neutral, citing potential pressure from a slow recovery in the real estate market.

5. Trump Media and Technology: Shares of the holding company for Truth Social dropped over 2%, continuing a decline from the previous day when it was revealed that the company generated less than $5 million in revenue in 2023.

6. Figs: The medical scrubs maker saw a 4.5% decline after Bank of America downgraded the stock to underperform, as the pandemic-induced demand surge wanes and healthcare workers face a challenging economic environment.

7. GE Aerospace: General Electric’s shares rose 0.6% after completing the spin-off of its energy business from its aerospace business. GE Vernova will begin trading on the NYSE under the ticker GEV, while General Electric will be known as GE Aerospace.

8. ChampionX: Shares of the oilfield equipment maker surged 10% as news broke that the company will be acquired by SLB in a $7.7 billion all-stock deal, expected to close by the end of 2024.

Source (CNBC)

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