Black Friday shoppers wait to enter the Nike store at Opry Mills Mall on November 25, 2022 in Nashville, Tennessee.
Seth Herald | AFP | getty images
Check out the companies making headlines in premarket trading.
Nike — The sneaker giant added nearly 10% in premarket trading after a mixed earnings report. The company reported revenue of 94 cents and $12.94 billion per share, while analysts at LSEG, formerly known as Refinitiv, had estimated 75 cents and $12.98 million, respectively. Nike also reiterated full-year revenue growth guidance.
uranium energy – The uranium miner added 2% after the company said its full-year revenue came in at $164.4 million, down from $23.2 million seen a year earlier. Uranium Energy lost 1 cent per share on the year on a GAAP basis, a turnaround after earning 2 cents per share the previous year.
blue apron – Shares of the meal kit company jumped more than 100% in premarket trading after Blue Apron announced it had reached a deal to be acquired by Wunder Group for $13 a share. Blue Apron’s stock closed Thursday at $5.49 per share, giving it a market cap of less than $50 million.
Anheuser-Busch InBev – Shares of the beer maker rose 3.9% in premarket trading after Bank of America upgraded the company to buy from neutral and said it was approaching margin inflection point.
Brinker International – The Chilean parent climbed 4% after Stifel upgraded the stock to buy from hold. Stiefel said Brinker’s strategic playbook appears to be similar to that of Olive Garden, Popeyes and KFC, all of which saw successful turnarounds.
Editas Medicine – The genome editing company rose 9% in premarket trading after Stifel upgraded it to buy from hold. The firm said investors may be overly negative when looking at the total addressable market.
ball – Shares rose 1.7% in premarket trading after Jefferies upgraded the aluminum can maker to buy from hold. The Wall Street firm said fundamentals have bottomed out, free cash flow is accelerating and the business is resilient in a recession.
bumble — Dating app stock climbed 4.1% after an upgrade to buy from Loop Capital Markets. The firm said the stock is “de-risked”, while Bumble’s strong cash balance and free cash flow generation will help protect its balance sheet.
Texas Roadhouse -The restaurant chain rose 1.6% after Northcoast Research raised its buy rating to. Northcoast said the company has driven traffic growth above expectations and its fundamentals are outperforming its current valuation.
— CNBC’s Brian Evans, Piya Singh, Jesse Pound and Michelle Fox contributed reporting.
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