Market Insider

In this article

GameStop — GameStop surged 9.2% before the bell despite sharing a widening quarterly loss and declining sales. The video game retailer also announced a partnership with crypto exchange FTX. GameStop’s results could not be compared since few analysts cover the company.

Asana — Asana’s stock surged 19% in the premarket following a beat on the top and bottom lines for the previous quarter. The communications software company shared a smaller-than-expected loss of 34 cents per share on revenue of $134.9 million. Revenue guidance for the current quarter also came in ahead of Wall Street’s expectations.

American Eagle Outfitters — The retailer’s stock sank 14.5% in premarket trading after earnings per share for the quarter fell 9 cents short of expectations, according to analysts surveyed by Refinitiv. American Eagle Outfitters also said it expects higher markdowns and increased promotions given the current retail environment.

Dave & Buster’s — Shares of Dave & Buster’s rose 3.5% after the company posted a better-than-expected quarterly revenue. The company’s top line came in at $468.4 million, topping a StreetAccount forecast of $432.9 million. Comparable store sales also beat expectations for Dave & Buster’s.

First Solar — Shares of First Solar rose 4.4% after Goldman Sachs double-upgraded the solar technology stock to buy and said the company is an immediate beneficiary of the Inflation Reduction Act.

Frontier Group — Shares of the discount airline fell 2.9% amid a downgrade to market perform from outperform by Raymond James. Shares of Allegiant Travel rose on the back of an upgrade to outperform in the same note.

Moderna — Moderna’s stock gained 1.8% after Deutsche Bank upgraded the stock to a buy rating, citing revision to estimates following strong quarterly results.

Articles You May Like

Data centers powering artificial intelligence could use more electricity than entire cities
Acurx Pharmaceuticals to add up to $1 million in bitcoin for treasury reserve, following MicroStrategy’s playbook
Dental supply stock surges on RFK’s anti-fluoride stance, activist involvement
5 Moonshot Stocks to Buy for 2025 
Activist Ananym has a list of suggestions for Henry Schein. How the firm can help improve profits