AZO (AutoZone) – AutoZone rose 3.9% in premarket trading after the auto parts store reported higher-than-expected profit and revenue for the most recent quarter. AutoZone’s same-store sales increased 6.2% year on year, exceeding analysts’ expectations due to ongoing growth in its commercial division.
Take-Two Interactive (TTWO) – Take-Two shares fell 5.8% in premarket trading after Bloomberg reported that a hacker had leaked gameplay from the company’s upcoming Grand Theft Auto IV game. It is thought to be one of the most significant leaks in gaming history.
bluebird bio (BLUE) jumped 7.3% in premarket trade after the FDA authorised the company’s gene treatment for a rare and fatal brain illness in youngsters.
Wix (WIX) In premarket trading, Wix shares rose 4.5% after activist investor Starboard Value disclosed a 9% position in the online development platform business.
Coinbase (COIN) – Coinbase slumped 5% in the premarket as cryptocurrencies hit multi-month lows, weighing on sentiment for the crypto exchange operator and other crypto-related companies. MicroStrategy (MSTR), a business analytics firm with billions in bitcoin on its balance sheet, slumped 4.9%.
FedEx (FDX) FedEx is still under scrutiny after falling 21.4% in one day following an earnings warning on Friday, its biggest-ever one-day drop.
NCR (NCR) – NCR fell 1.3% in premarket trading, adding to a 20.3% drop on Friday after Morgan Stanley downgraded the company to “equal-weight” from “overweight.” The Friday drop followed news that NCR would split into two distinct firms, and Morgan Stanley predicted that any value unlocking from that move would take a long time to play out.
Wells Fargo cut Adobe’s shares to “equal weight” from “overweight,” saying the software company’s planned acquisition of online design business Figma is a good product match but that the $20 billion price tag left little room for error. Adobe dipped 1.3% in premarket trading, following a 16.8% drop on Thursday and a 3.1% drop on Friday.