Thursday, February 13, 2025
HomeTrading RoomPrior to the Bell, Stocks Are Moving the Most

Prior to the Bell, Stocks Are Moving the Most

View the stocks that are generating news during premarket trading.

Burger King — Following the fast-food chain’s second-quarter earnings release, which fell short of analyst estimates, shares saw a little decline in the premarket. The important restaurant metric of same-store sales, fell off significantly.

Revvity: After the bio sciences company released second-quarter results that above forecasts, shares increased by 6%. Overachieving the FactSet consensus expectation of $1.12 per share, adjusted earnings came in at $1.22 per share. Analysts had predicted $690.3 million in revenue, but $691.7 million came in instead.

Olin: Following a JPMorgan upgrade to overweight from neutral, the maker of chemical products saw a 1.4% increase. The company referred to Olin’s efforts to stabilise caustic and chlorine pricing through low plant utilisation as successful.

Technologies Akamai — Following Guggenheim’s upgrade of shares to a buy recommendation, the cloud security provider saw a 2% gain. With its dominant position in the content delivery network industry, the company believes Akamai has more than 30% of upside potential.

Bristol-Myers Squibb Company After Barclays downgraded the pharmaceutical stock from equal weight to underweight, the stock fell 1.5%. The company stated that Bristol-Myers Squibb might have had a premature rally; in 11 days, the stock has increased by 25%, although its underlying fundamentals have not changed much. This call follows Bristol-Myers Squibb’s Friday release of better-than-expected profits and an increase in its full-year expectations.

Tesla – After Morgan Stanley analyst Adam Jonas named the electric vehicle manufacturer the best choice among U.S. auto stocks, the company gained 1.5%. In Monday’s premarket, Tesla took the place of Ford, whose shares barely moved.

Stellantis Following a downgrading to hold from buy by Deutsche Bank, the manufacturer saw a 3.6% decline. the manufacturer of Chrysler and Dodge may not meet its financial projections due to a number of difficulties in a challenging market.

Microstrategy, Coinbase — Following the rise in the virtual currency, the bitcoin developer and cryptocurrency exchange both saw gains of about 4%. Last time, Bitcoin gained more than 2%.

Disney — Following “Deadpool & Wolverine’s” impressive box office performance, the company’s shares increased by almost 1%. With almost $200 million in revenue during its first weekend of release, the Marvel film achieved the highest opening weekend gross for an R-rated movie ever.

Source (CNBC)

SourceCNBC
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