AMC Entertainment, Etsy, Carnival rise premarket; Vital Energy, HP fall
- S&P 500, Nasdaq notch biggest weekly losses since March
- S&P 500 could end the year over 10% higher from here - Piper Sandler
- Citi says Meta shares to rally in near term on share gains, upcoming AI event
- Ads are coming to Amazon Prime Video next year; Stock pops
- 'Sell the last rate hike' strategy is in action, stocks could fall further - BofA's Hartnett
Investing.com -- U.S. futures traded higher Thursday, as investors digested the rise in headline consumer inflation ahead of more economic data to provide more clues of likely Federal Reserve interest rate moves.
Here are some of the biggest premarket U.S. stock movers today:
Arm Holdings (NASDAQ: ARM) is set to start trading later Thursday after the British chip designer priced its initial public offering at $51 apiece, touching the top end of its indicated range. Peers Nvidia (NASDAQ: NVDA) and Advanced Micro Devices (NASDAQ: AMD) both rose around 1%, helped by focus on the sector.
Vital Energy (NYSE: VTLE) stock fell 7% after the company signed agreements valued at about $1.17 billion to expand its acreage in the Permian Basin, the highest producing oil field in the U.S..
Starbucks (NASDAQ: SBUX) stock fell 0.3% after the coffee chain announced that former CEO Howard Schultz is stepping down from its board, marking his exit from leadership at the company.
AMC Entertainment (NYSE: AMC) stock rose 7.3% after the cinema chain announced that it garnered about $325.5 million in new equity capital through the sale of 40 million shares.
Etsy (NASDAQ: ETSY) stock rose 4.5% after Wolfe Research upgraded the online marketplace to ‘outperform’ from ‘peer perform’, expecting growth to improve when the economy strengthens.
Carnival (NYSE: CCL) stock rose 1.8% after Redburn upgraded its stance on the cruise operator to ‘buy’ from ‘neutral’, suggesting potential upside of over 50%.
MetLife (NYSE: MET) stock rose 0.7% after Jefferies upgraded the insurer to ‘buy’ from ‘hold’, saying the company has generated above-peer improvement in excess capital, largely on the reinsurance deal announced in May.
You May Also Be Interested In
- Activision Blizzard, Roku, Wayfair and Citi rise premarket; Ford falls
- 3 reasons why Walmart is a new top retail pick at HSBC
- Ark Invest founder questions Nvidia and Arm Holdings valuations amid AI focus
Create E-mail Alert Related CategoriesHot List, Investing, Special Reports
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!