See which businesses are grabbing the most attention in premarket trading.
The Bath & Body Works— Following third-quarter earnings that exceeded Wall Street projections, shares surged 16%.
Robinhood — Morgan Stanley raised the company from equal weight to overweight, causing shares of the broking firm to rise more than 7%.
Macy’s— The retailer’s stock dropped 3% when Macy’s announced it was postponing its formal third-quarter results after learning that a worker had purposefully created false accounting entries to conceal shipping costs.
Abercrombie & Fitch — Prior to the bell on Tuesday, shares increased 3% in anticipation of the company’s third-quarter earnings.
Target — Following Oppenheimer’s listing of the store as a top choice, citing an improved risk-to-reward ratio, shares increased by almost 2%.
MicroStrategy After Bernstein more than doubled its price objective to $600 from $290, indicating more than 40% upside from Friday’s closing, the stock of the bitcoin development business surged 3%. This year, shares have increased by almost 568%.
Sally Beauty Holdings – After being upgraded to buy from hold at TD Cowen, shares increased by almost 3%.
Santander — Morgan Stanley upgraded the bank’s shares from equal weight to overweight, noting resilience linked to its capital creation, and the price rose 2%.
Arm Holdings — Following UBS’s buy rating and initial coverage of the chipmaker, which cited demand for artificial intelligence, shares increased by more than 1%.
Source (CNBC)
