These are the stocks posting the largest moves in premarket trading.
Check out the companies making headlines in premarket trading. Macy's — The department store operator added about 3% after beating earnings estimates for the first quarter and raising its full-year outlook. Macy's touted its turnaround plan as a driver for the strong results. Lowe's — The home improvement stock rose more than 2% after the company's first-quarter results topped estimates. Lowe's reported $3.06 in earnings per share on $21.36 billion of revenue.
6% decrease from the fourth quarter of 2023. Peloton — Shares fell 4% after the connected fitness company said it plans to start a " global refinancing " process which will include offering $275 million in convertible senior notes due 2029 and entering into a $1 billion five-year term loan. It also intends to buy back $800 million of its existing debt. Peloton has struggled with falling sales and recently announced a restructuring plan.
Gap Inc Peloton Interactive Inc Lam Research Corp Macy's Inc Autozone Inc Zoom Video Communications Inc Xpeng Inc Xpeng Inc Toast Inc Palo Alto Networks Inc Li Auto Inc Li Auto Inc Lowe's Companies Inc Keysight Technologies Inc Market Insider Markets Economy Stock Markets Breaking News: Markets Business Business News
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