Here are the companies making the biggest moves in premarket trading:
1. Micron Technology: The chip stock jumped nearly 6% after beating earnings and revenue estimates and providing strong guidance for its second quarter.
2. Paramount Global: Shares shed 1.3% after reports of possible merger talks with Warner Bros Discovery. Warner Bros was up less than 1%.
3. Boeing: Shares added 1.7% after receiving clearance from China’s aviation regulator to resume deliveries of its 737 Max aircraft and preparing to restart deliveries of its 737 Dreamliner to a Chinese carrier.
4. Salesforce: Shares rose 1.5% after being upgraded by Morgan Stanley and having a positive outlook for future growth.
5. Spotify: Shares increased more than 2% after an upgrade from Pivotal Research, suggesting a focus on generating free cash flow.
6. CarMax: The used car retailer surged about 7% after reporting better-than-expected earnings and announcing the resumption of its share repurchase program.
7. BlackBerry: The cybersecurity stock dropped over 4% despite beating revenue and earnings expectations for the third quarter. Its fourth-quarter revenue guidance fell below expectations.
8. Cava: The Mediterranean restaurant chain gained 2.6% after an upgrade by Wedbush, expecting strong performance and the ability to overcome challenges related to lower grocery inflation.
Please note that these stock movements are based on premarket trading and may not necessarily reflect the opening prices or overall market trends later in the day.
Source (CNBC)
