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{"id":35562,"date":"2023-05-31T13:18:00","date_gmt":"2023-05-31T13:18:00","guid":{"rendered":"https:\/\/financeworld24.com\/stocks-making-the-biggest-moves-premarket-advance-auto-parts-sofi-twilio-and-more\/"},"modified":"2023-05-31T13:18:00","modified_gmt":"2023-05-31T13:18:00","slug":"stocks-making-the-biggest-moves-premarket-advance-auto-parts-sofi-twilio-and-more","status":"publish","type":"post","link":"https:\/\/financeworld24.com\/stocks-making-the-biggest-moves-premarket-advance-auto-parts-sofi-twilio-and-more\/","title":{"rendered":"Stocks making the biggest moves premarket: Advance Auto Parts, SoFi, Twilio and more"},"content":{"rendered":"
\n
\n
\n
\n
\n

An exterior view of the Advance Auto Parts store at the Sunbury Plaza, Sunbury, Pennsylvania.<\/p>\n

Paul Weaver | SOPA Images | Lightrocket | Getty Images<\/p>\n<\/div>\n<\/div>\n<\/div>\n

\n

Check out the companies making headlines in premarket trading.<\/em><\/p>\n

SoFi<\/a><\/span><\/span><\/span> \u2014 The financial services platform added nearly 7%. A deal to raise the U.S. debt ceiling on track for a vote on Wednesday would resume student loan payments.<\/p>\n

Carvana<\/a><\/span><\/span><\/span> \u2014 Shares fell nearly 4% in premarket trading. Carvana stock has been on fire so far this year with a 189% gain from the start of 2023.<\/p>\n

Anheuser-Busch<\/a><\/span><\/span><\/span> \u2014 The beer giant declined 1.7%. Lower sales volume across the company’s portfolio of products underpinned the decline, with Bud Light leading the charge with a 25.7% fall for the week ending May 20, according to Evercore.<\/p>\n

Hewlett Packard Enterprise<\/a><\/span><\/span><\/span> \u2014 Hewlett Packard Enterprise fell nearly 8% on the back of mixed quarterly numbers. The company earned an adjusted 52 cents per share, beating a Refinitiv forecast of 48 cents per share. However, revenue of $6.97 billion was below a consensus estimate of $7.31 billion.<\/p>\n

Twilio<\/a><\/span><\/span><\/span> \u2014 Shares gained 3.6% after a report<\/a> that Legion Partners is looking to make changes to the automated communications company’s board, as well as divestitures.<\/p>\n

Ambarella<\/a><\/span><\/span><\/span> \u2014 The chip stock shed 18% after Ambarella shared disappointing guidance for the second quarter. Ambarella expects second-quarter revenue between $60 million and $64 million. Analysts expected guidance around $66.9 million, according to StreetAccount.<\/p>\n

Advance Auto Parts<\/a><\/span><\/span><\/span> \u2014 The car parts retailer plummeted more than 25% after a wide earnings miss. The company reported an adjusted 72 cents per share against a Refinitiv consensus forecast of $2.57 per share. Advance Auto Parts also slashed its quarterly dividend.<\/p>\n

C3.AI<\/a><\/span><\/span><\/span> \u2014 The artificial intelligence stock declined 5.8% ahead of of quarterly results on Wednesday. Analysts polled by FactSet forecast an adjusted quarterly profit of 3 cents per share.<\/p>\n

American Airlines<\/a><\/span><\/span><\/span> \u2013 Shares of the air carrier rose about 2% premarket after the company raised expectations for the second quarter. American increased its earnings per share expectation from between $1.20 and $1.40 to between $1.45 and $1.65. It also increased its margin expectations, to between 12.5% and 14.5% from between 11% and 13%.<\/p>\n

\u2014 CNBC’s Samantha Subin, Fred Imbert and Tanaya Macheel contributed reporting<\/em><\/p>\n<\/div>\n<\/div>\n<\/div>\n

Source: www.cnbc.com<\/p>\n","protected":false},"excerpt":{"rendered":"

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