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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.