DocuSign (DOCU)

Shares of electronic-signature technology company slumped
26.1% in the premarket after it reported smaller-than-expected quarterly profit
and revenue. DocuSign had previously warned that a return to post-COvid working
conditions could cut into its business.

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Stitch Fix (SFIX)

Shares of the online clothing retailer plunged 15.4% in
premarket trading after reporting a wider than expected quarterly loss and
giving weak than expected revenue guidance. Stitch Fix also said it would cut
330 jobs, about 4% of its total workforce.

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Rent The Runway (RENT)

The fashion rental company’s stock jumped 8.2% in the
premarket after it posted a smaller-than-expected quarterly loss while its
revenue came in above Wall Street forecasts. Sales grew almost 100% from a year
earlier. Rent The Runway also issued a positive current-quarter revenue
forecast.

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Vail Resorts (MTN)

Vail Resorts surged 6.7% in the premarket after the
resort operator reported better-than-expected quarterly results. Relaxation of
Covid-related restrictions and noted successful efforts helped the company to
attract visitors outside of its peak skiing season.

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Netflix (NFLX)

Netflix fell 4.7% in premarket action after Goldman Sachs
downgraded the stock to “sell” from “neutral” and cut the price target to $186
per share from $265. Goldman said it was focusing on several factors, including
an increased focus on profitability and lower investor tolerance for long-term
investments as Netflix and other web-based businesses mature.

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Illumina (ILMN)

Shares of the gene-based therapies maker declined 4.2% in
the premarket after announcing the departure of Chief Financial Officer Sam
Samad, who is taking the CFO role at Quest Diagnostics (DGX).

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CME Group (CME)

Shares of the exchange operator jumped 2.3% in premarket
action after Atlantic Equities upgraded it to “overweight” from “neutral”. The
company said CME has the strongest fundamental backdrop among US-based
exchanges and that a recent drop in the stock provides attractive entry points.

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Kontoor Brands (KTB)

Kantoor Brands fell 1% in the premarket after Goldman Sachs
downgraded the stock to “neutral” from “buy,” noting that increasing cost
pressures have been weighing on results and earnings growth for the parent of
the Lee and Wrangler apparel brands.