Stocks making the biggest moves premarket: GameStop, Reddit, Take-Two Interactive Software and more

  • 📰 CNBC
  • ⏱ Reading Time:
  • 25 sec. here
  • 18 min. at publisher
  • 📊 Quality Score:
  • News: 69%
  • Publisher: 72%

Business News

Breaking News: Markets,Stock Markets,Economy

These are the stocks posting the largest moves in early trading.

Check out the companies making headlines before the bell: GameStop — Shares dropped more than 20% after the video game retailer said it plans to sell 45 million common shares of its stock. It also posted preliminary results that showed a sales decline in the first quarter. Reddit — The social media company rallied 10.5% after announcing a partnership with OpenAI.

Globant SA — The stock dropped more than 3% after Globant issued second-quarter earnings and revenue guidance that fell short of estimates, even as first-quarter results came in line with expectations. The IT company anticipates adjusted earnings in the range of $1.47 per share to $1.52 per share, weaker than the earnings of $1.57 per share anticipated by analysts polled by FactSet. Expected revenue of $585 million to $589 million was weaker than the $590.2 million consensus estimate.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSİNESS

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.

Stocks making the biggest moves premarket: Uber, Reddit, Electronic Arts and moreCheck out the companies making headlines on Wall Street before the opening bell.
Source: CNBC - 🏆 12. / 72 Read more »