Clorox, ConAgra, Rivian fall premarket; Polestar, Blackberry rise
Investing.com -- U.S. futures fell Thursday, handing back some of the previous session’s strong gains ahead of the release of more important labor data.
Here are some of the biggest premarket U.S. stock movers today:
Constellation Brands (NYSE: STZ) stock unchanged despite the drinks giant raising its annual profit target after topping sales expectations for the second quarter. The stock has gained around 8% this year to date.
ConAgra Foods (NYSE: CAG) stock fell 1.2% after the packaged food maker reported slowing demand for its products, even as it swung to a profit in the first quarter on the back of multiple rounds of price hikes.
Clorox (NYSE: CLX) stock fell 3.9% after the maker of cleaning products said it expects to post a first-quarter loss after a cyberattack in August caused product outages and disrupted supplies and operations.
Polestar (NASDAQ: PSNY) stock rose 3.4% after the EV manufacturer announced it delivered 13,000 vehicles in the third quarter, and was on course for 60,000-70,000 for the year.
Rivian (NASDAQ: RIVN) stock fell 9.2% after the EV maker announced plans to sell convertible green bonds worth $1.5 billion, maturing in October 2030.
Blackberry (TSX: BB) stock rose 3.1% after the technology company announced it will separate its Internet of Things and cybersecurity business units and target a subsidiary initial public offering for the IoT business next fiscal year.
Exxon (NYSE: XOM) stock fell 1.2% after the oil giant said it would deliver a third-quarter operating profit between $8.3 billion and $11.4 billion, below the year ago's record earnings but up from its second quarter.
Nvidia (NASDAQ: NVDA) stock rose 0.8% after Evercore ISI called the semiconductor a “top play” as the earnings season approaches. It has an ‘overweight’ rating on the stock, and sees plenty of upside.