Check out the companies making headlines before the bell. Under Armor – Shares fell 5.3% on news that founder Kevin Plank is returning as chief executive to the sports company. Plank’s return is a clear signal that UAA’s strategy is not working, Evercore ISI said, downgrading shares to underperform from in-line. Robinhood – The financial services platform said Thursday that its stock trading volumes in February rose 41% from a year ago, sending shares up nearly 12%. Dollar General – The discount retailer emerged 5.8% on the back of a stronger-than-expected fourth-quarter earnings report. Dollar General posted $1.83 in earnings per share on $9.86 billion in revenue, while analysts polled by LSEG had forecast $1.75 per share in earnings and $9.78 billion in revenue. United States Steel — Shares plunged 5.8%, adding to its Wednesday plunge, following reports that President Joe Biden plans to express “serious concern” about the proposed acquisition of US Steel by Japanese company Nippon Steel Corp. Fisker – Shares fell to as low as 19 cents. stock after the Wall Street Journal reported that the electric vehicle developer, which has long struggled to grow its sales, has hired restructuring advisers to help with a possible bankruptcy, according to individuals familiar with the matter. SentinelOne – The AI-powered cybersecurity provider lost 8% as investors viewed its revenue forecast of $812 million to $818 million as weak. Analysts surveyed by LSEG expected fiscal 2025 revenue of $815.8 million. After the market closed on Wednesday, SentinelOne posted stronger-than-expected quarterly results. Dick’s Sporting Goods — Shares moved 3.6% higher after the sporting goods retailer posted revenue and earnings for its fourth quarter. Dick’s also boosted its dividend by 10% and said it expects earnings per share for fiscal 2024 to be between $12.85 and $13.25, versus estimates of $12.90, per LSEG. Citigroup – Shares rose 1% after Goldman Sachs upgraded the bank stock to buy from neutral and raised its price target, saying Citi can both grow its earnings and deliver on expense reductions. MicroStrategy — Shares gained 1.6% after MicroStrategy said it is raising $500 million to buy more bitcoin, and use for other general corporate purposes. The company, which develops software but serves primarily as a proxy for bitcoin, climbed 11% on Wednesday. — CNBC’s Alex Harring, Sarah Min and Michelle Fox contributed reporting.
(tagsTo Translate)regwall-marketmovers