Stocks making the biggest moves premarket: Advance Auto Parts, Snowflake, Humana, Lumen Technologies and more
Check out the companies making headlines before the bell: Advance Auto Parts — Shares surged more than 30% after Advance Auto Parts topped first-quarter expectations. The auto parts company posted an adjusted loss of 22 cents per share, narrower than the loss of 82 cents per share analysts polled by LSEG had anticipated. Revenue of $2.58 billion exceeded the $2.50 billion consensus estimate. Nike — The footwear stock added almost 1% after the company said it would resume sales on Amazon . Nike had previously been a “gated” brand on the site, which means sales were highly restricted, after the brand stopped direct sales through the e-commerce site in 2019. The company also plans to raise prices on select products . Health insurance stocks — The Centers for Medicare & Medicaid Services announced an aggressive expansion of Medicare Advantage audits sending shares of health insurers lower. Humana shares dropped more than 6%. CVS Health fell almost 4%. UnitedHealth Group declined more than 3%. Analog Devices — Shares popped 3% after the semiconductor manufacturing company beat fiscal second-quarter expectations. Analog Devices earned $1.85 per share, excluding items, on revenue of $2.64 billion. Analysts polled by FactSet anticipated earnings of $1.70 per share on revenue of $2.51 billion. Urban Outfitters — The apparel retailer soared 17% after reporting earnings of $1.16 per share in its last quarter, which exceeded the 84 cents per share analysts had forecast, per LSEG. Revenue of $1.33 billion also came in higher than the $1.29 billion Wall Street had expected. Lumen Technologies — The telecommunications stock rallied 9% after AT & T agreed to acquire substantially all of Lumen’s mass markets fiber internet connectivity business. The $5.75 billion deal is set to close in the first half of 2026. Shares of AT & T were little changed. Snowflake — Shares jumped 8% after the cloud-based data storage company posted solid earnings in its first quarter. Adjusted earnings of 24 cents per share topped the 21 cents per share expected by analysts polled by LSEG. Second-quarter product revenue guidance also exceeded expectations. Sunrun – The rooftop solar installer fell more than 30% as the House Republican tax bill is worse than feared for clean energy. Solar stocks broadly sold off with Enphase and SolarEdge down more than 17%. Array Technologies was down more than 10% and Nextracker fell about 4%. First Solar was trading about 1% lower. Zoom Communications — Shares slipped less than 1% despite a first-quarter earnings beat and an upbeat forecast. Zoom earned $1.43 per share, excluding items, while analysts forecasted $1.31 a share. Revenue came in line with the Street’s consensus at $1.17 billion. Pitney Bowes — Shares gained more than 9% after the shipping and mailing company said sitting director Kurt Wolf was appointed as its new chief executive. He replaces Lance Rosenzweig, who is retiring from his role as CEO but will stay on as a consultant to the company. — CNBC’s Lisa Han, Alex Harring and Jesse Pound contributed reporting.
