Black Friday shoppers wait to enter a Nike store at Opry Mills Mall in Nashville, Tennessee, on November 25, 2022.
Seth Herald | AFP | Getty Images
Check out which companies are making headlines in pre-market trading.
Nike – The athletic shoe giant added nearly 10% in premarket trading after a mixed earnings report. The company reported 94 cents per share and $12.94 billion in revenue, while analysts surveyed by LSEG expected revenue of 75 cents and $12.98 million, respectively. Nike also reiterated guidance for full-year revenue growth at a mid-single-digit rate.
Uranium energy – The uranium miner added 2% after the company said its full-year fiscal revenue came in at $164.4 million, dwarfing the $23.2 million it saw a year ago. Uranium Energy lost 1 cent per share for the year on a GAAP basis, which represented a turnaround after earning 2 cents per share the year before.
Blue Apron – Shares of the meal kit company jumped more than 100% in pre-market trading after Blue Apron announced it had reached a deal to be acquired by Wonder Group for $13 per share. Blue Apron stock closed at $5.49 a share on Thursday, with a market cap of just under $50 million.
Anheuser-Busch InBev Shares of the beer maker rose 3.9% in premarket trading after Bank of America upgraded the company to buy from neutral and said it was approaching a margins inflection point.
Brinker International – Chili’s parent company stock rose 4% after Stifel upgraded the stock to buy from hold. Stifel said Brinker’s strategic playbook appears similar to those at Olive Garden, Popeyes and KFC, all of which have seen successful turnarounds.
Editas Medicine – The genome editing company rose 9% in pre-market trading after Stifel upgraded to buy from hold. The company said investors may be overly negative when looking at the total addressable market.
BALL – Shares added 1.7% in premarket trading after Jefferies upgraded the aluminum can maker to buy from hold. The Wall Street firm said fundamentals are bottoming out, free cash flow is accelerating and the business is resilient in a downturn.
Bumble – The dating app stock rose 4.1% after an upgrade to buy from Loop Capital Markets. The company said the stock is “risk-free,” while Bumble’s strong cash balance and free cash flow generation will help protect its balance sheet.
Texas Roadhouse – The restaurant chain advanced 1.6% after Northcoast Research raised its rating to buy. Northcoast said the company kept traffic higher than expected and has fundamentals that beat its current valuation.
— CNBC’s Brian Evans, Piya Singh, Jesse Pound and Michelle Fox contributed reporting
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