Flash News / Bath & Body Works, P...

BBWI M MRK PG PLTR SNOW SUM

Bath & Body Works, Palantir and Merck rise premarket, Macy's falls

investing.com 25/11/2024 - 12:45 PM

Investing.com — US stock futures traded higher Monday, with sentiment boosted by Donald Trump’s nomination of Scott Bessent as Treasury Secretary.

Here are some of the biggest premarket US stock movers today:

  • Macy’s (NYSE:M) stock fell 4.4% after the retail giant announced a delay to its third-quarter release, citing an accounting issue. Also, sales in its preliminary results disappointed, as steep promotions failed to attract customers who have turned selective on purchases.

  • Bath & Body Works (NYSE:BBWI) stock soared over 10% after the personal care and home fragrance company raised its full-year guidance after reporting strong third-quarter results.

  • Palantir (NYSE:PLTR) stock rose 2.8% after Wedbush lifted its price target on the big data analytics firm, saying it is time for the broader software space “to get in on the AI Party.”

  • Merck (NS:PROR) stock rose 1.1% after the US drugmaker said its drug, Winrevair, helped significantly reduce the risk of death in patients with a rare condition which causes high blood pressure in the lungs.

  • Peabody Energy (NYSE:BTU) stock fell 7.2% after the coal mining company agreed to buy Anglo American’s remaining Australian steelmaking coal mines for up to $3.78 billion in cash.

  • Snowflake (NYSE:SNOW) stock rose 3.5% after Wedbush upgraded its rating on the cloud-based data storage company to ‘outperform’ from ‘neutral’, ceiling confidence in its potential growth, particularly in the realm of artificial intelligence.

  • Procter & Gamble (NYSE:PG) stock rose 0.5% after DA Davidson upgraded its stance on the consumer goods giant to ‘buy’ from ‘neutral’, citing positive sales from the important China market.

  • Summit Materials (NYSE:SUM) stock fell 2.4% after the cement company announced that building materials provider Quikrete will acquire it in a deal valued at $11.5 billion.




Comments (0)

    Greed and Fear Index

    Note: The data is for reference only.

    index illustration

    Extreme Greed

    84