Stocks making the biggest moves premarket: Fox, Apple, Nebius Group, Dell Technologies and more
Check out the companies making headlines before the bell: Fox Corp. — The media empire fell about 5% following the announcement that the Murdoch family resolved its succession battle, with Lachlan Murdoch winning control of the company. Apple — The iPhone maker dipped 0.4% ahead of the annual Apple event later today, at which several new products are set to be announced. Nebius Group N.V. — The Dutch-based provider of infrastructure and services to artificial intelligence builders soared 50% after Nebius agreed to deliver AI infrastructure to Microsoft. Dell Technologies — Shares eased about 1% after Dell Technologies said its Chief Financial Officer Yvonne McGill will resign, effective Tuesday. David Kennedy, currently senior vice president of global business operations, finance, was named interim CFO. Brighthouse Financial — The insurance stock popped 11% after the Financial Times reported that private capital group Aquarian Holdings was in advanced talks with two Middle Eastern investors to finance its acquisition of Brighthouse . Aquarian is seeking to raise more than $3 billion in equity backing to acquire Brighthouse at a significant premium compared to its current stock price, the FT said, citing two people briefed on the matter. Mission Produce — The avocado and mango supplier was about 1% higher after third-quarter earnings topped estimates. Mission earned 26 cents per share, excluding one-time items, on revenue of $357.7 million. Analysts polled by FactSet forecast earnings per share of 15 cents on revenue of $320.3 million. Casey’s General Stores — The Midwestern convenience store chain fell more than 1% after first-quarter results topped Wall Street estimates. Earnings of $5.77 per share topped the FactSet consensus forecast of $5.02, while revenue of $4.57 billion exceeded an estimated $4.46 billion. The stock had already run up 19% over the past three months and 31% over the past six. Dick’s Sporting Goods — The retailer added nearly 1.8% on the heels of Citigroup’s upgrade to buy from neutral. Citi said Dick’s will be a “powerful force” in athletic retail following its acquisition of Foot Locker. — CNBC’s Michelle Fox, Lisa Han and Alex Harring contributed reporting.
