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Nike, Alpine Immune Sciences rise premarket; CarMax, Robinhood and Regeneron fall

Published 11/04/2024, 10:00 pm
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Investing.com -- U.S. futures slipped lower Thursday, adding to the previous session’s losses ahead of the release of another key inflation report.

Here are some of the biggest premarket U.S. stock movers today:

  • Nike (NYSE:NKE) stock rose 1.4% after the sportswear giant unveiled its Olympic kits, betting that top athletes can help it win more everyday consumers.

  • Alpine Immune Sciences (NASDAQ:ALPN) stock rose over 36% after Vertex Pharmaceuticals (NASDAQ:VRTX) said it would buy the biotech for about $4.9 billion in cash, gaining access to its treatment for an autoimmune disease of the kidney.

  • CarMax (NYSE:KMX) stock fell 9.1% after the used vehicle retailer posted a lower fourth-quarter profit, hurt by decreased profitability from units sold.

  • Amazon (NASDAQ:AMZN) stock fell 0.4% after the online retail giant’s CEO, Andy Jassy, said the e-commerce firm is still seeking opportunity to reduce costs in its fulfillment network, after trimming staff in a number of divisions over the recent months.

  • Robinhood (NASDAQ:HOOD) stock fell 3.6% after Citigroup downgraded the brokerage to ‘sell’ from ‘neutral’, citing its correlation with Bitcoin, despite improving fundamentals.

  • Regeneron (NASDAQ:REGN) stock fell 1% after the drugmaker was accused of fraudulent practices by the Justice Department, related to its vision drug, Eylea.

  • Rent the Runway (NASDAQ:RENT) stock rose 30% after the clothing rental subscription service posted a narrower loss than a year ago, showing modest subscriber retention.

  • Fastenal (NASDAQ:FAST) stock fell 5.6% after the industrial distributor reported disappointing first-quarter earnings, with CEO Dan Florness saying that ”the core issue remains poor demand.”

  • Albemarle (NYSE:ALB) stock rose 1.1% after Berenberg upgraded its stance on the lithium miner to ‘buy’ from ‘hold’, citing a rise in lithium volumes and an upward trend in lithium prices, negating the need for it to seek additional equity financing in the near future.

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