Stocks making the biggest premarket moves: CRWD, OXY, TSLA
CrowdStrike IPO at Nasdaq exchange on June 12, 2019.
Source: Nasdaq
Here are stocks with notable moves in premarket trading on Wednesday, March 8.
The crowd goes on strike — The cybersecurity company’s stock jumped more than 6% in premarket trading following a better-than-expected fourth-quarter report. CrowdStrike generated 47 cents of earnings per share on revenue of $637 million. Analysts surveyed by Refinitiv calculated 43 cents on $625 million in revenue. Free cash flow grew above $200 million during the quarter.
Random oil and gas — Energy stocks jumped nearly 3% in premarket trading after a new regulatory filing showed Warren Buffett’s Berkshire Hathaway added to its portfolio. The stakes are big of the company in recent trading sessions. The Omaha-based group bought nearly 5.8 million shares of the oil company in a number of separate transactions on Friday, Monday and Tuesday, marking the first “Oracle of Omaha” increased bets since September.
repair stitch – Shares of the apparel company fell more than 10% after Stitch Fix reported a larger-than-expected loss for the second quarter. The company lost 58 cents per share, while analysts surveyed by Refinitiv had predicted a loss of 34 cents per share. Stitch Fix reported its first quarter of positive free cash flow in over a year.
Tesla – The automaker’s stock fell less than 1% in premarket trading after Tesla was hit downgrade to keep from buy at Berenberg. The investment guru said there was “not much room for disappointment” after a hot start to the year for Tesla stock.
Maxeon Solar Technology — Shares of the Singapore-based solar panel company jumped nearly 15% in premarket trading following the company’s fourth-quarter report. While Maxeon’s loss-per-share was larger than expected, revenue beat analysts’ estimates, according to StreetAccount, as did adjusted EBITDA margins, according to StreetAccount.
criticize — Shares of the smart mower company jumped more than 7% after Cricut reported a more than 20% increase in paid users and subscribers in the fourth quarter. Cricut’s revenue fell year over year, but its gross margin increased.
Sustainable Infrastructure Atlantica — Shares of the U.K.-based infrastructure company gained 2% following its upgrade from Bank of America. The investment firm said Atlantica is undertaking a strategic review that could unlock value for shareholders.
northern — Retail stock is up more than 2% after an upgrade to buy from Argus Research. The investment firm said Nordstrom has divested from unprofitable businesses and is currently on a good growth trend.