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HomeStocks in FocusPremarket Winners and Losers: Macy's, Super Micro Computer rise

Premarket Winners and Losers: Macy’s, Super Micro Computer rise


Here are some of the largest stock moves in the United States before of Monday’s New York trading day. Please check back later for updates.

Today’s largest pre-market U.S. stock moves:

Top Gainers

Macy’s (NYSE:M) shares rose after an investment consortium led by Arkhouse Management and Brigade Capital increased its bid to take the department store company private.

Crypto-linked equities, which have benefited from Bitcoin’s recent gain, surged higher. Coinbase (NASDAQ:COIN) Global, a top cryptocurrency exchange in the United States, as well as cryptocurrency miners Marathon Digital (NASDAQ:MARA), Riot Platforms (NASDAQ:RIOT), and CleanSpark (NASDAQ:CLSK), all rose before the New York opening bell.

Shares of DoorDash (NASDAQ:DASH) rose after RBC Capital Markets upped its rating on the delivery service.

Lyft (NASDAQ:LYFT) shares rose after RBC analysts upgraded them to “Outperform” and suggested that they may combine with DoorDash.

Super Micro Computer (NASDAQ:SMCI) shares rose after S&P Dow Jones Indices announced that the supplier of AI-optimized servers would enter the S&P 500 later this month. Deckers Outdoor (NYSE:DECK), an athletic gear company, will also be included to the benchmark index

Top losers

Whirlpool (NYSE:WHR) and Utah-based lender Zions Bancorporation (NASDAQ:ZION), which are replacing each other on the S&P 500, also fell.

Stocks in focus

Singapore-based e-commerce giant Sea Limited (NYSE:SE) shares rose 12% on Monday after posting strong fourth-quarter earnings. The company’s first full year of profitability after its 2017 IPO beat analyst estimates. Sea Limited predicts another lucrative year in 2024. Top-teen increase in Shopee’s Gross Merchandise Volume (GMV) and positive adjusted EBITDA are expected in the second half of the year.
Nvidia (NASDAQ:NVDA) rose 2.3% premarket on Monday, making it a stock to watch. Friday’s market value of over $2 trillion was the company’s first. Dow Jones Market Data reports that Nvidia did this in 180 trading days. Nvidia was the fastest to get from $1 trillion to $2 trillion, surpassing Apple and Microsoft.
JetBlue (NASDAQ:JBLU) rose 5% after ending its $3.8B merger with Spirit Airlines (NYSE:SAVE), which fell 16%. JetBlue will pay Spirit $69M to end the transaction, and all issues will be resolved. A federal court blocked the merger in January on antitrust grounds, prompting the termination.

SFIX stock will be watched when the firm releases its Q4 earnings after the market ends. The stock is up 1.5% premarket. Analysts estimate a loss per share of $0.19, up 67.2% year-over-year, and sales of $332.32 million, down 19.4%. Over the previous two years, Stitch Fix has surpassed EPS and sales projections 38% and 63%, respectively.

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