Stocks Making Significant Premarket Moves: Alibaba, EchoStar, Micron and Others
Several stocks made notable premarket moves due to earnings reports, regulatory approvals, and guidance updates. EchoStar shares rose nearly 4.5% after the FCC approved its $40 billion spectrum sale to AT&T and SpaceX. Meanwhile, Alibaba's U.S.-listed shares fell sharply following a significant drop in Q1 profit.
Tickers: $BABA $MU $NVDA $NXT $REZI $SATS $SPCE $T
Topics: FCC approval market reaction missed estimates Q1 earnings report revenue guidance upgrade spectrum sale