Take a look at some of the biggest movers in the premarket:
AMC Entertainment (AMC) – AMC rose 23.7% in premarket trading after yesterday’s 22.7% jump. It came after the movie theater operator raised more than $230 million in share sales for a hedge fund to Mudrick Capital, which is said to have immediately sold those shares at a profit.
lands End (LE) — The apparel retailer reported windfall gains of 8 cents per share, compared to the consensus forecast for a quarterly loss of 29 cents per share. Revenue also exceeded estimates, helped by a boom in digital sales. Lands’ End rose 6.6% in premarket trading.
ambarella (AMBA) — Ambarella beat estimates by 6 cents per share, with quarterly profit of 23 cents per share. The video chips and components maker also saw its revenue beating Street estimates, fueled by strong growth in the company’s automotive business. It also gave an upbeat outlook. Ambarella rose 4.9% in the premarket.
Advance Auto Parts (AAP) — The auto parts retailer posted earnings of $3.34 per share for its latest quarter, beating the consensus estimate of $3.08 per share. Revenue also came in above estimates. Comparable-store sales increased 24.7%, slightly better than the 23% consensus estimate. Advance Auto noted sales strength from both do it yourself and professional customers.
Etsy (ETSY) – Online Crafts Marketplace Announced Deal to buy fashion resale company Depop for $1.625 billion. The London-based depot will continue to operate as a separate marketplace once the deal is completed. Etsy rose 1% in the premarket.
Hewlett Packard Enterprise (HPE) — Hewlett Packard Enterprise reported quarterly profit of 46 cents per share, beating estimates by 4 cents per share. Revenue also topped Wall Street’s forecasts. The enterprise computing company reported its first year-over-year revenue growth since 2018, though it also reported a gradual decline in hardware profit margins. Its shares fell 1.8% in premarket trading.
zoom video (ZM) – Zoom came in ahead of estimates by 33 cents per share, with quarterly earnings of $1.33 per share. The video communications platform company’s revenue also beat analysts’ forecasts, and the company gave upbeat guidance, even as more people returned to offices. Shares of Zoom were up 2.4% in the premarket.
Taiwan Semiconductor (TSM) — The chip maker has begun manufacturing at a new chip plant in Arizona, according to Chief Executive Officer Sisi Wei. He said the planned factory is on track to start chip production in 2024.
Cinemark (CNK), imax (IMAX) – Goldman Sachs downgraded both stocks from “neutral” to “sell,” saying that an expected movie box office recovery in 2021 and 2022 is already reflected in both stock prices and that recovery. for “increased risk”. Cinemark dropped 2.8% in premarket action, while IMAX fell 2.5%
Tesla (TSLA) — Tesla was reportedly told by the Securities and Exchange Commission once in 2019 and once in 2020 that it failed to properly approve CEO Elon Musk’s tweets on two occasions. The Wall Street Journal cited documents obtained under the Freedom of Information Act, pointing to a tweet about Tesla’s stock price and another tweet about production levels.
modern (mRNA) – Drug maker announces partnership with life sciences company Thermo Fisher Scientific (TMO) to provide manufacturing and packaging services for Moderna’s COVID-19 vaccine as it seeks to accelerate production.
Scots Miracle-Gro (SMG) — Scots raised its full-year financial outlook, as it expects sales of lawn and garden products related to the pandemic to continue to grow, even as the pandemic eases. Scotts now expects full-year sales growth of 17% to 19%, compared to prior estimates of 8% to 12%. Scotts shares added 1% in premarket action.
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