Finance

Stocks making the biggest moves premarket: Super Micro Computer, Cracker Barrel, Nike and

EA Builder

Check out the companies making the biggest moves in premarket trading: Super Micro Computer — Shares tumbled 12% after the company announced it plans to raise $7 billion in equity-related deals to help cover the costs of hardware component purchases. Cracker Barrel — The Southern country-themed restaurant chain jumped nearly 11% after raising its full-year revenue and adjusted EBITDA guidance. Cracker Barrel also reported 29 cents per share on $797.4 million in revenue for its fiscal third quarter, topping expectations. Analysts polled by FactSet had expected a loss of 48 cents per share and revenue of $776.7 million. Nike — The footwear and apparel company slipped nearly 2%. RBC downgraded the stock to sector perform from outperform, saying Nike’s turnaround is “slower and narrower than we were anticipating.” Cava — The fast-casual restaurant chain was upgraded at UBS to buy from hold on its “compelling growth story.” The stock climbed 1%. Chip stocks — Semiconductor companies continued their slide, with shares of Micron Technology dropping nearly 5%, Advanced Micro Devices falling roughly 4% and Broadcom shedding 3%. Gold miners — Shares of gold miners fell alongside gold futures for August, which dropped 2%. Anglogold Ashanti tumbled nearly 7%, while Harmony Gold Mining and Gold Fields both lost roughly 6%. Helca Mining shed 3.5%. Chewy — The pet retailer climbed 4% after its first-quarter results were better than anticipated. Chewy’s adjusted earnings before interest, taxes, depreciation, and amortization came in at $253.1 million, versus the $241.6 million expected from analysts polled by FactSet. Revenue was $3.36 billion, slightly above the $3.35 billion consensus estimate. Oracle — The maker of database management systems slipped 3.3% ahead of its quarterly earnings report, due after the close. — CNBC’s Lisa Kailai Han and Jordan Novet contributed reporting

This article was originally published by a Cnbc.com. Read the Original article here. .

Share with your friends!

Leave a Reply

Your email address will not be published. Required fields are marked *

Get The Latest Investing Tips
Straight to your inbox

Subscribe to our mailing list and get interesting stuff and updates to your email inbox.

Thank you for subscribing.

Something went wrong.