This article focuses on five pre-market movers on Monday. Today’s market has mixed sentiment as investors continue to evaluate companies’ financial results. Listed below are the top five pre- market movers. The biggest laggard was DiDi Global Inc. (DIDI), which announced plans to delist from the New York Stock Exchange. The company also reported weak fourth-quarter 2021 results, posting a decline of 12.7% year-over-year in revenue and a net loss of $27 million.
The stock is up nearly eight percent in premarket trading. It’s up after beating analyst expectations for its quarterly profit and revenue forecast and raising its full-year guidance. Other US stocks that moved today include Salesforce (CRM) and Victoria’s Secret (VICO). Moody’s and S&P Global both declined, but the S&P 500 futures are down less than a percent. The Dow Jones Industrial Average is up 0.34%.
The S&P 500 closed higher on Wednesday, extending its winning streak to five consecutive months. AMC Entertainment’s shares rose on a fifth consecutive day as they gear up for their normal summer movie premieres. Meanwhile, Beyond Meat shares rose on the back of retail investor interest in meme stocks and its endorsement by Jim Cramer. It’s unclear whether Salesforce’s strong results will translate into a big gain for its stock in the long run, but the move is positive for the tech stock.
After posting an unexpected quarterly profit, Chico’s FAS (CHS) soared by more than 20% on Thursday, recording 21 cents per share. The results marked the company’s best second quarter in eight years. Adding to Textron’s recent strength, Cowen upgraded the stock and upgraded Textron’s outlook, citing robust business jet demand and a growth opportunity in the electric helicopter market.
The company’s multi-industry business spans aerospace, defense, industrial, and finance. Textron Aviation produces and sells …