Connect with us

Hi, what are you looking for?

Alive Business PlanAlive Business Plan

Stock

Gap, Ross Stores, Texas Pacific rise premarket;Intuit and Reddit fall

Investing.com — US stock futures traded in a muted fashion Friday, at the end of a generally positive week.

Here are some of the biggest premarket US stock movers today:

Gap (NYSE:GAP) stock rose 18% after the fashion retailer raised its annual sales forecast and said the holiday season was off to a “strong start”.

Intuit (NASDAQ:INTU) stock fell 2.6% after the financial software company issued disappointing guidance for the second quarter and fiscal year.

Ross Stores (NASDAQ:ROST) stock rose 6.9% after the off-price retailer raised its annual profit forecast, as lower freight and supply-chain costs helped soften the impact of slowing sales.

Texas Pacific (NYSE:TPL) stock rose 5.1% with the energy company set to join the S&P 500 index next week, with current constituent Marathon Oil (NYSE:MRO) being acquired by ConocoPhillips (NYSE:COP).

Palo Alto Networks (NASDAQ:PANW) stock fell 0.7% after HSBC downgraded its stance on the cybersecurity company to ‘reduce’ from ‘hold’ amid valuation concerns.

Reddit (NYSE:RDDT) stock fell 7.2% after Bloomberg reported that a shareholder of the social media company is seeking to establish a credit facility using an equity stake in the company.

MicroStrategy (NASDAQ:MSTR) stock added 1.3% and Coinbase (NASDAQ:COIN) gained 0.9%, with both companies supported by the rise in the cryptocurrencies, as bitcoin nears $100,000.

Nvidia (NASDAQ:NVDA) stock fell 0.6% after Phillip Securities downgraded its stance on the semiconductor manufacturer to ‘accumulate’ from ‘buy’, citing recent price action.

Honeywell (NASDAQ:HON) stock fell 0.2% after the conglomerate said it would sell its personal protective equipment business to Protective Industrial Products for about $1.33 billion in cash.

Replimune (NASDAQ:REPL) stock rose 15% after the biotechnology firm’s announcement of significant regulatory progress for its lead cancer product.

This post appeared first on investing.com
Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    You May Also Like

    Latest News

    The Gateway Pundit, a far-right website, published a note from its editor on Saturday acknowledging that two election workers in Georgia did not engage...

    Latest News

    New majorities in Congress, particularly when the incoming party has a new leader, offer the rare chance for the institution to take a breath...

    Latest News

    Sister Stephanie Schmidt had a hunch about what her fellow nuns would discuss over dinner at their Erie, Pennsylvania, monastery on Wednesday night. The...

    Investing

    JAKARTA (Reuters) -Indonesia has asked Alphabet (NASDAQ:GOOGL)’s Google and Apple (NASDAQ:AAPL) to block Chinese fast fashion e-commerce firm Temu in their application stores in...



    Disclaimer: alivebusinessplan.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2024 alivebusinessplan.com