GameStop (GME)

The videogame retailer posted an unexpected quarterly loss despite its revenue exceeding expectations. GameStop CEO Matt Furlong said the omicron variant and supply chain disruptions had a significant impact on results during the holiday season. GameStop lost 7.6% in the premarket.

Moderna (MRNA)

Moderna is awaiting FDA approval for a second booster shot of its Covid-19 vaccine for adults aged 18 and above. Earlier this week, Pfizer (PFE) and partner BioNTech (BNTX) asked the FDA to approve a second booster for people 65 years and older. Moderna surged 1% in premarket trading.

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Joann (JOAN)

In the premarket, shares tumbled 8.3% after the crafts retailer missed quarterly sales expectations and reported a $60 million increase in ocean freight costs for 2021. Joann said the freight increase was among several significant supply chain issues and disruptions.

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US Steel (X)

US Steel shares dropped 3.6% in premarket trading after the company released weaker-than-expected guidance for the current quarter. The company cited an increase in raw materials costs among other factors.

FedEx (FDX)

FedEx gained an adjusted $4.59 per share for its latest quarter, missing estimates by 5 cents, though revenue from delivery service passed analyst forecasts. Worker shortages due to the Covid-19 omicron variant outbreak impacted FedEx’s bottom line. FedEx slipped 3.1% in the premarket.

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SolarEdge Technologies (SEDG)

Solar equipment and software company’s 2 million share offering has been priced at $295 per share, compared to Thursday’s close of $314.60. SolarEdge slipped 3.4% in the premarket trading.

Wingstop (WING)

The stock of the restaurant chain fell 4.7% in premarket trading after Piper Sandler downgraded it to “underweight” from “overweight.” Piper warned that Wingstop will have a harder time maintaining a premium valuation during a restaurant industry expansion cycle due to higher expenses.

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Rent The Runway (RENT)

The fashion rental company’s stock surged 4.2% in premarket action after Jefferies began coverage with a “buy” rating. Rent The Runway said it expects top-line growth of up to 50% as a result of its extensive offerings and high barrier to entry.