Gap (GPS)

The clothing retailer’s stock added 6% in premarket action
after reporting a higher-than-expected quarterly profit. Gap’s earnings were
helped by a jump in sales of dressier clothes at its Banana Republic chain as
more people returned to offices.

Also Read | Jackson Hole Symposium: When and Where to watch Fed chair Powell’s speech

Seagen (SGEN)

Seagen slumped 10% in the premarket after a Bloomberg
report said that talks for the drug maker to be acquired by Merck (MRK) have
stalled. The two sides have so far failed to agree on a buyout price, according
to the report.

Also Read | Xiaomi in talks with BAIC to produce electric vehicles: report

Dell Technologies (DELL)

Dell shares fell 5.5% in premarket trading after quarterly
revenue fell below analyst estimates, as sales reduced after a pandemic-era
rise in PC sales. However, the company reported better-than-expected earnings
for its latest quarter.

Also Read | Oil prices rise ahead of US Fed chair’s Jackson Hole speech

Electronic Arts (EA)

Shares of the video game company jumped 6.2% in the
premarket after a Swedish media report said that Amazon (AMZN) will announce an
offer to buy EA.

Workday (WDAY)

Workday surged 11.5% in premarket trading after its
quarterly profit and revenue exceeded market estimates. Workday also released
an upbeat forecast as more customers adopt its human resources and finance
software.

Also Read | Delaware Judge calls Musk data request ‘absurdly broad’

Affirm Holdings (AFRM)

Affirm plunged 13.5% in premarket trading after reporting a
wider-than-expected quarterly loss and a weaker-than-expected outlook. The buy
now pay later services provider saw revenue exceed market forecasts.

Also Read | Asian stocks follow Wall Street higher ahead of US Fed chair speech

Everbridge (EVBG)

Everbridge shares surged 14.3% in premarket trading
following a report that the company is exploring strategic options including a
possible sale. The company is working with an advisor, according to a Bloomberg
report.

Also Read | Dollar remains firm ahead of Jerome Powell’s Jackson Hole speech

Micro Focus (MFGP)

Micro Focus nearly doubled in premarket trading, rising
94.3% after news that the British enterprise software maker will be bought by
Canadian software OpenText in an all-cash deal that values that company at $6
billion, including debt. Open Text shares slipped 8.5%.

Farfetch (FTCH)

Farfetch climbed 14.1% in premarket action after the online
luxury retailer reported a smaller-than-expected loss and revenue that beat
analyst forecasts.

Also Read | K Subramanian appointed India Executive Director at IMF

Ulta Beauty (ULTA)

Ulta gained 3.8% in the premarket after the cosmetics
retailer reported better-than-expected results for its latest quarter and
issued an upbeat forecast, upholding a recent trend among beauty products
companies.