Stocks making the biggest moves before the bell: Nike, Blue Apron, Bumble
Black Friday shoppers wait to enter the Nike store at Opry Mills Mall on November 25, 2022 in Nashville, Tennessee.
Seth Herald | AFP | getty images
See which companies are making headlines in premarket trading.
Nike — The sneaker giant added nearly 10% in premarket trading after a mixed earnings report. The company reported revenue of 94 cents per share and $12.94 billion, while analysts polled by LSEG, formerly known as Refinitiv, had forecast revenue of 75 cents and $12.98 million, respectively. Nike also reiterated its mid-single-digit full-year sales growth guidance.
Uranium Energy — The uranium miner added 2% after the company reported fiscal year revenue of $164.4 million, compared with $23.2 million a year earlier. Uranium Energy lost 1 cent per share this year on a GAAP basis, a turnaround after earning 2 cents per share the year before.
blue apron — The meal kit company’s stock soared more than 100% in premarket trading after Blue Apron announced it had agreed to be acquired by Wonder Group for $13 a share. Blue Apron’s stock closed Thursday at $5.49 per share, giving it a market capitalization of less than $50 million.
Anheuser-Busch InBev — Shares of the beer maker rose 3.9% in premarket trading after Bank of America upgraded the company to buy from neutral and said it was approaching a margin inflection point.
Brinker International — Chili’s parent company rose 4% after Stifel upgraded its stock to buy out its holdings. Stifel said Brinker’s strategic playbook appears similar to those of Olive Garden, Popeyes and KFC, which have all seen successful turnarounds.
medical publishing — The genome editing company rose 9% in premarket trading after Stifel was upgraded to a Hold Buy. The company said investors may be overly negative when looking at the overall market.
ball — Shares rose 1.7% in premarket trading after Jeffries upgraded the aluminum can maker to a Hold Buy. The Wall Street firm said its fundamentals have bottomed out, free cash flow is accelerating and its business is gaining momentum despite the recession.
bumble — Shares of the dating application rose 4.1% after being upgraded to buy on Loop Capital Markets. The company said the stock was “de-risked” and that Bumble’s strong cash balance and free cash flow generation would help protect its balance sheet.
Texas Roadhouse — The restaurant chain rose 1.6% after Northcoast Research upgraded its buy rating. Northcoast said the company has maintained more traffic than expected and that its fundamentals currently exceed its valuation.
— CNBC’s Brian Evans, Pia Singh, Jesse Pound and Michelle Fox contributed reporting.