In this article, you will get all information regarding Stocks Making The Biggest Moves In The Pre-market: General Mills, Steelcase, Lucid And More – S Chronicles

Wall Street Set for Mixed Open

Take a look at some of the biggest movers in the premarket:

General Mills (GIS) – General Mills reported better-than-expected earnings and sales for the most recent quarter and raised its full-year guidance. The food producer was helped by higher prices, only partially offset by increased input costs. The stock slipped 1.3% premarket.

Steelcase (SCS) – Steelcase rose 3% premarket after the office furniture maker released better-than-expected quarterly earnings and an upbeat earnings forecast. However, Steelcase’s quarterly revenue fell short of Wall Street forecasts, as did its revenue forecast, but its backlog is 3% higher than a year ago.

Lucid (LCID) – Lucid is up 5.0% in premarket trading after the electric vehicle maker raised more than $1.5 billion in a series of stock sales.

Rocket Lab (RKLB) – Rocket Lab fell 1.3% premarket after announcing a delay in its first rocket launch from the United States. Rocket Lab cited both poor weather conditions and regulatory delays resulting from NASA and the Federal Aviation Administration processing the documentation. As a result, Rocket Lab lowered its revenue guidance for the fourth quarter.

The Trade Desk (TTD) – The Trade Desk is up 1.7% in premarket trading after the digital advertising company’s stock was listed as “overweight” in new reporting by Piper Sandler.

Generac (GNRC) — Shares of the power equipment maker slid 1.5% in premarket trading after Baird downgraded it to “neutral” from “outperform,” which is normal.

Stitch Fix (SFIX) – The stock has been downgraded to neutral from underweight by JP Morgan Securities, even after an 82% year-to-date decline. The firm says the online fashion designer is struggling with the shift to the “fix + freestyle” business model. Stitch Fix’s shares lost 1.6% in premarket trading.

Beam Therapeutics (BEAM) – Shares of the biotech are up 2.2% premarket after BMO Capital upgraded Beam from Market Perform to Outperform. BMO expects positive announcements from Beam’s partner Verve Therapeutics (VERV) to push the stock higher.

Stocks Making The Biggest Moves In The Pre-market: General Mills, Steelcase, Lucid And More – S Chronicles

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