Premarket Stock Movements: AMC, USA Rare Earth, Lululemon, Adobe Among Major Movers
Several stocks made significant premarket moves on Friday due to a mix of earnings reports and news. AMC Entertainment rose nearly 5.5% after its CEO criticized Robinhood for offering stock tokens, which caused Robinhood shares to fall almost 2%. Rare earth companies like USA Rare Earth climbed about 4%, driven by a Reuters report that some Chinese firms have halted U.S. shipments due to geopolitical tensions. Smith & Wesson surged over 11% after beating earnings and revenue expectations for the quarter, while Lululemon Athletica dropped nearly 20% following weaker-than-expected guidance. Adobe shares fell almost 3% despite announcing a new CEO, Anil Chakravarthy, succeeding Shantanu Narayen. Other notable movers included Zscaler and Planet Labs, which saw mixed reactions to their earnings reports, while Samsara rose sharply on strong revenue projections.
Tickers: $ADBE $AMC $CRML $CRMZ $EFR $EFX $GWRE $HOOD $IOT $LULU $MP $PATH $PL $TRU $USAR $UUUU $ZS
Topics: earnings_report executive_commentary regulatory_statement stock_price_moved