Companies Making Headlines Before the Bell.
Humana – Shares of the healthcare company fell more than 22% following the announcement of concerning preliminary Medicare Advantage data for 2025. In an 8-K filing, Humana disclosed that only 25% of its members are currently enrolled in plans rated 4 stars and above for the upcoming year, a significant decline from 94% in 2024.
Nike– Shares declined by 7% after the athletic apparel and sneaker company withdrew its full-year guidance. Despite posting an earnings beat, Nike missed revenue expectations for its fiscal first quarter and postponed its investor day as its new CEO prepares to assume office.
Chinese Stocks – Shares of Chinese companies continued to rise amid a broader stimulus rally. E-commerce company JD.com and electric vehicle manufacturer Li Auto both saw gains of more than 9%, while tech companies Baidu and Temu parent PDD advanced by over 6%. Fellow e-commerce giant Alibaba also increased by more than 4%.
Lamb Weston– Shares of the French fry manufacturer dropped 5% after the company reported soft demand for restaurants and frozen products in its fiscal first quarter.
Diamondback Energy – Shares of the oil company rose by 3% following an upgrade to overweight from equal weight at Barclays. Referencing the firm’s $26 billion merger agreement with Endeavor Energy Resources.
LPL Financial – Shares fell by 3.4% after LPL Financial terminated CEO Dan Arnold for allegedly violating the company’s “commitment to a respectful workplace.” Rich Steinmeier, the chief growth officer, will serve as interim CEO.
Harley-Davidson– The motorcycle manufacturer’s stock declined by 4% after receiving a downgrade to neutral from buy at Baird. The firm cited risks to its third-quarter guidance, including a weak retail outlook and excess inventory.
Energy Stocks – Shares of energy companies rose following Iran’s missile attack on Israel. Both APA Corp and Marathon Oil increased by more than 2%, while Occidental Petroleum climbed by over 1%.
Source (CNBC)
