Premarket Stock Movements: Dick's Sporting Goods, AMD, Kura Oncology and Others
Dick's Sporting Goods shares fell more than 12% in premarket trading after the sports retailer reported revenue below expectations. The company cited a challenging footwear market as a key factor behind its $5.59 billion sales figure, which missed analyst estimates of $5.65 billion. Advanced Micro Devices gained nearly 2%, driven by an upgrade from Raymond James to 'strong buy' with a new price target implying significant upside potential. The broader semiconductor sector also rose, led by gains in Intel and Nvidia stocks as well as the VanEck Semiconductor ETF (SMH). Kura Oncology shares climbed over 11% after CEO Troy Wilson disclosed purchasing 100,000 company shares. Navitas Semiconductor saw a nearly 5% rise following its acquisition of Claros for $232.8 million in cash and stock. United Airlines also gained traction with a premarket increase as it announced new international flight routes extending to destinations like Sardinia and Okinawa by 2027.
Tickers: $AMD $DKS $ED $INTC $KURA $NVDA $NVTS $UAL
Topics: acquisition_announcement revenue_disappointment upgrade/downgrade