Check out the companies making headlines before the bell: Dollar General — Shares of the discount retailer popped more than 10% after the company lifted its annual sales outlook, saying its updated guidance assumes that current tariff rates will remain through mid-August. Dollar General also beat on top and bottom lines for the first quarter. The company reported earnings of $1.78 per share on revenue of $10.44 billion, exceeding estimates of $1.48 per share and $10.31 billion, per LSEG. Hims & Hers Health — The telehealth platform added more than 5% after the company said it will acquire European counterpart Zava. The deal will grow Hims & Hers Health’s active customer base by about 50%. Constellation Energy — Shares of the energy giant jumped 9% after Meta signed a 20-year agreement to buy nuclear power from Constellation Energy. Meta , which owns Facebook and Instagram, will buy roughly 1.1 gigawatts of energy from Constellation’s Clinton Clean Energy Center in Illinois beginning in June 2027. Shares of energy stocks Vistra Energy and NRG Energy rose 5% and 2%, respectively, in sympathy with the news. Bumble — The dating app’s stock tumbled 6% on the heels of JPMorgan’s downgrade to underweight from neutral. JPMorgan said the stock is losing market share to competitor Hinge. Paramount — The entertainment giant nominated three new directors to its board and scheduled its shareholder meeting for July 2, according to its annual proxy statement published Sunday. Shares of Paramount, which is also in talks to settle an election interference lawsuit by President Donald Trump against CBS News, slipped more than 1%. Pinterest — Shares popped more than 4%. The move comes after JPMorgan upgraded the image-sharing platform to overweight from neutral, saying Pinterest has made progress in its priorities, including adding users and improving monetization. JPMorgan hiked the price target to $40 from $35, implying 25% upside from Monday’s close. Credo Technology — The stock of the high-speed connectivity product developer jumped more than 14% after it saw stronger-than-expected demand from hyperscalers. Credo’s revenue more than doubled and it swung to a profit that solidly outpaced expectations. The company expects revenue of between $185 million and $195 million in the fiscal first quarter, which is better than the $162.4 million analysts expected. Block — The fintech stock added more than 3% after Evercore ISI upgraded shares to outperform from in line, turning more positive after speaking to Block management about various funding sources across its lending portfolio. Parsons — The defense technology company slashed its fiscal 2025 revenue outlook, saying the State Department’s reorganization has created added uncertainty surrounding a confidential contract. Shares fell 2%. — CNBC’s Alex Harring, Sarah Min and Michelle Fox contributed reporting.
Stocks making the biggest moves premarket: DG, CEG, PINS, HIMS
Leave a Comment