Stocks making the biggest moves premarket: Lululemon, Costco, Broadcom and others

has cut its stake in the drug distributor, selling $1 billion in AmerisourceBergen shares. The move cuts Walgreens' stake to about 17% from 20% and will give Walgreens funds to pay down debt and fund strategic priorities. Walgreens remains AmerisourceBergen's largest shareholder. AmerisourceBergen fell 2.6% in the premarket. – Bath & Body Works shares jumped 4.

9% in the premarket following news that Daniel Loeb's Third Point has a more than 6% stake in the personal care products retailer. An SEC filing also revealed that Third Point is pushing the company to appoint new board members. – The company formerly known as Restoration Hardware beat top and bottom line estimates in its latest quarterly report. But the luxury lifestyle retailer also said its business would continue to deteriorate because of accelerating weakness in the housing market.

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Lululemon shares fall after company offers weak fourth quarter guidanceLululemon reported sales and profit that topped estimates, but the company offered softer guidance than expected for the fourth quarter. Everyone already loaded up on athleisure. LULU PullForward
Source: CNBC - 🏆 12. / 72 Read more »