Disney, Capri, Sonos, Wynn Resorts rise premarket; Tapestry, Penn fall
Investing.com -- U.S. futures rose Thursday, with investors awaiting a key inflation release which could provide clues towards future Federal Reserve interest rate decisions.
Here are some of the biggest premarket U.S. stock movers today:
Walt Disney (NYSE: DIS) stock rose 1.4% after the entertainment giant announced changes to its streaming service, including increasing the prices of its streaming service and cracking down on password sharing, to help offset sputtering performance in its film and television divisions.
Wynn Resorts (NASDAQ: WYNN) stock rose 1.9% after the casino operator reported better-than-expected second-quarter results as strength in its Las Vegas and Macau properties drove growth in gaming, dining, and hotel bookings.
Sonos (NASDAQ: SONO) stock rose 6.5% after the manufacturer of audio products reported third-quarter results that beat estimates on both adjusted earnings and revenue.
Alibaba (NYSE: BABA) ADRs rose 1.8% after the Chinese e-commerce giant posted first-quarter adjusted core income that topped analyst estimates, boosted by strong momentum across its businesses and a focus on operating efficiencies.
Johnson & Johnson (NYSE: JNJ) stock rose 0.6% after the U.S. Food and Drug Administration approved its antibody-based therapy for patients with a difficult-to-treat type of blood cancer.
Capri Holdings (NYSE: CPRI) stock soared 57.4% with Coach parent Tapestry (NYSE: TPR), down 4.5%, set to buy the Michael Kors owner in an $8.5 billion deal, creating a top U.S. fashion house.
Penn Entertainment (NASDAQ: PENN) stock fell 2.5% after Truist downgraded its stance on the sports bettor to ‘Hold’ from ‘Buy’, uncertainty lingers over the partnership with ESPN.