Check out some of the biggest movers in the premarket:
GameStop (GME) – The video game retailer said board member and Chewy co-founder Ryan Cohen would become chairman of the board after the annual meeting. GameStop achieved 2.2% in premarket trading.
Box (BOX) – The cloud computing company announced a $ 500 million investment from funds from private equity firm KKR (KKR), which will receive convertible preferred stock. Box will use the proceeds to repurchase up to $ 500 million of its common stock. Box shares plummeted for the market by 5.6%.
W.W. 5% of its value. profit target. The stock fell 3.1% during premarket trading.
Conagra Brands (CAG) – The company behind food brands such as Duncan Hines, Birds Eye and Healthy Choice reported quarterly profit of 59 cents a share, one cent a share above estimates. Sales also exceeded expectations. Conagra continues to see increased demand due to more people staying at home during the pandemic. Conagra rose 1.1% in premarket trading.
Constellation Brands (STZ) – The maker of Corona beer and a variety of spirits brands beat Wall Street estimates in both the top and bottom lines for the last quarter, saying it performed well despite pandemic-related challenges.
Costco (COST) – Costco reported a 16% increase in same-store sales for March, including a 13.9% increase at US locations. The department store retailer also saw online sales increase by 57.7% compared to a year earlier.
Apple (AAPL) – According to the Japanese news service Nikkei, Apple is delaying part of the production of MacBooks and iPads due to a shortage of computer chips and other components. The shortage has not yet affected the availability of products to consumers. Apple won 1% in the premarket.
Amazon.com (AMZN) – A union vote in an Amazon warehouse in Alabama generated a 55% turnout among its roughly 5,800 employees, and the first results are expected to be announced in a few days.
Bilibili (BILI) – Bilibili denies a Reuters report that the operator of the online video site is in talks to buy a 24% stake in Yoozoo Games. The report had said that through the potential deal, Bilibili would buy both the stake and the headquarters from Yoozoo for about $ 765 million. Bilbili shares were up 2.1% in premarket action.
Twitter (TWTR) – Twitter has been holding talks in recent months to buy the audio-based social network Clubhouse for about $ 4 billion, according to a Bloomberg report. However, the talks stalled for an unknown reason and are no longer ongoing. Twitter shares gained 1% in the premarket.
Tesla (TSLA) – Tesla has refunded customers they double-billed for new car purchases, customers speaking to CNBC said. The company also sent an email apology with a $ 200 credit on Tesla’s online store.
Emergent BioSolutions (EBS) – According to a report by the New York Times, Emergent was the subject of a warning from a federal health official last June. The official warned of quality control and other issues at the contract manufacturer, which recently had to throw away millions of doses of Johnson & Johnson’s (JNJ) Covid-19 vaccine due to contamination.
Progress Software (PRGS) – The enterprise software company announced an offer of $ 300 million in convertible debt. Progress shares fell 1.8% in premarket trading.
Academy Sports + Outdoors (ASO) – According to sources who spoke to StreetAccount, a block of nine million shares of the sporting goods and outdoor recreation store is being offered through JPMorgan Chase. Shares plummeted 5% in premarket action.