Lululemon, MongoDB and Five Below rise premarket; PagerDuty falls

June 2, 2023 8:07 AM EDT -- Stocks in focus in premarket trade on Friday, June 2nd. Please refresh for updates.

  • Lululemon Athletica (NASDAQ: LULU) stock rose 14% after the athletic apparel retailer reported strong fiscal first quarter results, boosted by lower transportation costs and growth in China.

  • MongoDB (NASDAQ: MDB) stock soared 27% after the database software maker lifted its full-year guidance on the back of stellar first quarter results.

  • Five Below (NASDAQ: FIVE) stock rose 5.1% after the discount retailer reported better-than-expected first quarter earnings as cash-strapped customers looked for cheaper options.

  • Broadcom (NASDAQ: AVGO) stock rose 0.3%, with the chip maker failing to benefit significantly from a strong third quarter revenue forecast on corporate investments in AI-related technologies. Its stock had already gained more than 40% so far this year.

  • PagerDuty (NYSE: PD) stock fell 16% after the cloud computing company issued weaker-than-expected revenue guidance for the fiscal year as macroeconomic conditions make software buyers more cautious.

  • SentinelOne (NYSE: S) stock slumped 36% after the cybersecurity company disappointed with its annual revenue guidance and announced layoffs of about 5% of the company.

  • ChargePoint (NYSE: CHPT) stock fell 4.6% after the EV charging company provided disappointing revenue guidance for the current quarter even after a strong first quarter.

  • Li Auto (NASDAQ: LI) stock rose 5% after the Chinese EV manufacturer said it delivered more the double the number of cars in May than it did a year ago, topping 20,000 for the third month in a row.

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