These are the stocks posting the largest moves in the premarket.
Check out the companies making the biggest moves in premarket trading: Oracle — The database software company fell 3% as worries around the AI trade continue to drag the stock lower. Rothschild & Co Redburn initiated coverage of Oracle with a sell rating, saying the market is "materially" overestimating Oracle's contracted cloud revenues.
It sees a 40% drop ahead for the stock. Intel — Shares moved 2% higher following a Bloomberg report that Intel has approached Apple about investing in the chipmaker. Talks are in the early stages, the report said, citing sources. Transocean — The stock tumbled 15.7% after the offshore driller announced its plans to sell 125 million shares of the company at a price of $3.05, significantly lower than Wednesday's close of $3.64. Opendoor Technologies — Trading firm Jane Street disclosed a 5.9% stake in the online real estate platform, sending shares 5% higher. The stock has surged more than 400% so far this year. Lithium Americas — The mining stock popped another 21%, putting it on pace to build on its massive 95.8% surge from the previous session. Lithium Americas ripped higher Wednesday as the Trump administration seeks to build an equity stake in the Canadian company. Jabil — The electronic manufacturing company slipped 4%, despite reporting an earnings and revenue beat for its fourth quarter. Jabil's core earnings were $3.29 per share, versus the $2.92 FactSet consensus estimate. Revenue was $8.25 billion, coming in above the $7.95 billion expected from analysts. Stitch Fix — Shares tumbled 7%. The online styling company reported lower adjusted EBITDA in the fourth fiscal quarter compared with the same period a year ago. Stitch Fix also said its active client base shrunk nearly 8% year over year. Hertz Global Holdings — The car rental company's subsidiary, The Hertz Corporation, has agreed to sell $375 million in exchangeable senior notes, due in 2030. The stock added 2.7%. UniQure — The biotech firm's stock soared nearly 9% after a clinical trial found the company's experimental gene therapy for Huntington's slowed the progress of the neurodegenerative disease. CarMax — Shares plummeted 13% after the used car retailer reported disappointing quarterly results. CarMax posted earnings of 64 cents per share in the second quarter, far below the $1.04 earnings per share analysts polled by FactSet were anticipating. Revenue of $6.59 billion missed the $7.01 billion consensus estimate. Blackberry — Shares added 2.6% after the company's second-quarter earnings topped expectations. Blackberry's adjusted earnings were 4 cents a share, vs the 1 cent expected from analysts polled by FactSet. Revenue was $129.6 million, beating the $120.1 million consensus estimate. — CNBC's Fred Imbert, Sarah Min and Alex Harring contributed reporting.
Carmax Inc Uniqure NV Uniqure NV UQ1-FF Hertz Global Holdings Inc Lithium Americas Corp Lithium Americas Corp Transocean Ltd Transocean Ltd Stitch Fix Inc Opendoor Technologies Inc Lululemon Athletica Inc Oracle Corp Intel Corp Breaking News: Markets Stock Markets Business Economy Markets Market Insider Regwall-Marketmovers Jabil Inc Business News
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