Stock Groups

BioNTech, Five Below, Lululemon and others


Take a look at the top companies that made headlines long before the bell rang.

BioNTech (BNTX) – The drug maker’s shares jumped 5.9% in the premarket after reporting significantly better-than-expected revenue and profit for the fourth quarter. BioNTech has also reiterated its previous vaccine revenue guidance through 2022.

Five Below (FIVE) – The discount retailer’s stock slid 3.4% in premarket trading following a mixed quarterly report. Although Five Below beat analyst estimates by one penny, the quarterly earnings were $2.49/share. However, both revenue and comparable sales fell below analysts’ expectations.

RH (RH) – RH fell 2.8% in premarket trading after the high-end furniture retailer reported lower-than-expected revenue for its latest quarter, although its profit came in slightly above Wall Street forecasts. RH also announced that it would be splipping its stock 3-1.

Lululemon (LULU) – Lululemon rallied 7.4% in premarket action despite a quarterly revenue miss. Athletic apparel manufacturer Lululemon reported a adjusted quarterly profit at $3.37 per shares, nine cents more than estimates. It also issued positive guidance for 2022. Lululemon has also launched a $1 million share buyback program.

Micron Technology (MU) – Micron reported an adjusted quarterly profit of $2.14 per share, 17 cents above estimates. A strong increase in smartphone and data center sales led to Micron reporting better-than expected revenues. Micron’s revenue outlook for current quarter was positive, and stock prices rose by 4.1%.

Chewy (CHWY) – Chewy stock was slammed by 13.5% in premarket trading after top and bottom line misses for its latest quarter. As labor costs increased and profits shrank, the 15 cent loss per share of this pet products retailer was greater than expected by analysts.

Norfolk Southern (NSC) – Norfolk Southern rose 2.1% in premarket trading after the railroad operator announced a new $10 billion share buyback program.

WeWork (WE) – WeWork Chief Executive Officer Sandeep Mathrani has added the additional role of chairman at the office-sharing company. His appointment fills the role of Chairman, which was left vacant by Marcelo Claure earlier in this year. WeWork increased its premarket share by 3%

Pearson (PSO) – The educational publisher’s stock slumped 7.1% in the premarket after private equity firm Apollo said it was unable to reach an agreement with Pearson on a possible takeover bid, and does not intend to make an offer.

Wayfair (W) – The furniture and home decor retailer’s shares took a 4.5% hit in premarket trading after Loop Capital downgraded the stock to “sell” from “hold,” predicting a negative impact from Fed tightening and the end of Covid-related stimulus.