Stocks making the biggest moves premarket: Rivian, Kohl's, Novavax and more
Publishing timestamp: 2023-03-01 08:35:12
Summary
Shares of electric vehicle maker Rivian tumbled after posting mixed fourth-quarter results and underwhelming production outlook. Sarepta Therapeutics' stock soared after Morgan Stanley upgraded the stock to overweight. Spotify's stock rose after Redburn upgraded the stock to buy. Kohl's reported a surprise loss for the fourth quarter, while Monster Beverage posted quarterly earnings that fell short of expectations. Novavax said that "substantial doubt exists regarding our ability to operate as going concern" through next year. AMC Entertainment posted greater-than-forecast loss, while HP Inc. forecasted higher earnings per share for second quarter. Lowe's fiscal fourth-quarter sales fell short of Wall Street's expectations, while First Solar issued full-year guidance that was ahead of expectations.
Sentiment: MIXED
Tickers: AMC, HPE, SPOT, FSLR, SRPT, RIVN, MNST, LOW, HPQ, NVAX, KSS,
Keywords: hp inc, amc entertainment holdings inc, spotify technology sa, novavax inc, rivian automotive inc, business news, kohl's corp, market insider, first solar inc, monster beverage corp, markets, sarepta therapeutics inc, lowe's companies inc, hewlett packard enterprise co, breaking news: markets,
Source: https://www.cnbc.com/2023/03/01/stocks-making-the-biggest-moves-premarket-rivn-kss-nvax.html