Stocks making the biggest moves premarket: Coinbase, AMC, Chewy, First Republic and more

— Shares of the regional bank edged 1.3% higher in premarket trading. Regions slid more than 6% on Wednesday after the Fed's decision to increase benchmark interest rates by 25 basis points and on comments from Chair Jerome Powell that the banking system is well equipped and safe.

— Shares of the pet products e-commerce company fell more than 5% despite Chewy beating estimates on the top and bottom lines for the fourth quarter. The company reported earnings of 1 cent per share on $2.71 billion of revenue. Analysts surveyed by Refinitiv had penciled in a loss of 11 cents per share on $2.64 billion of revenue. However, the company's active users metric was marginally lower year over year.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Chewy stock dips as earnings show shrinking customer count, forecast of no profit growthChewy shares declined in late trading after executives reported a surprise holiday profit but a shrinking customer count and disappointing profit guidance. street has lost their ever loving minds BUY BUY BUY OVERSOLD THIS STOCK WILLL BE 50+ BY YEARS END BANK IT
Source: MarketWatch - 🏆 3. / 97 Read more »