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HomeStocks in FocusPremarket Winners and Losers: Tesla, Beyond Meat, eBay Rally; Urban Outfitters, Bumble...

Premarket Winners and Losers: Tesla, Beyond Meat, eBay Rally; Urban Outfitters, Bumble Suffer Losses


U.S. futures fell Wednesday, as investors remained cautious ahead of the publication of important GDP and inflation data this week.

Here are some of the largest pre-market U.S. stock moves today:

Top Gainers

Beyond Meat (NASDAQ:BYND) shares rocketed more than 60% after the artificial meat maker reported better-than-expected quarterly results and forecasted greater margins, relying on price increases and deep cost cuts to improve its damaged margins.

Ambarella (NASDAQ:AMBA) shares increased 7.9% after the semiconductor firm highlighted the potential development from its automotive and IoT sectors, which are powered by its AI approach, in its results.

Advance Auto Parts (NYSE:AAP) shares surged 7.5% despite the company’s fourth-quarter loss due to declining sales, lifted by upbeat forecast for 2024.

eBay (NASDAQ:EBAY) shares increased 5.1% after the e-commerce company revealed higher-than-expected profit projections and fourth-quarter performance amid a “challenging” macroeconomic climate.

TJX (NYSE:TJX) shares increased 1.4% as the retailer exceeded market estimates for fourth-quarter sales on Wednesday, as customers flocked to its TJ Maxx brand in quest of holiday discounts.

Tesla (NASDAQ:TSLA) shares climbed 0.3% after Chief Executive Elon Musk announced that the electric vehicle manufacturer has finalized production design on a long-awaited upgrade to its Roadster electric sportscar, which was expected to launch next year.

Top losers

Lemonade (NYSE:LMND) stock fell 16% after the insurer said it will spend more on expansion this year, hurting its bottom line.

Boston Beer (NYSE:SAM) shares plunged 10% after the brewer reported a wider loss and lower revenue in the fourth quarter due to dramatically decreased shipping volumes, and CEO Dave Burwick announced his retirement at the beginning of April.

Urban Outfitters (NASDAQ:URBN) shares tumbled 10% after the clothes and accessories company disappointed with its fourth-quarter results, with declining sales necessitating a rethinking of some of its outlets.

Bumble (NASDAQ:BMBL) shares fell 10% after the company’s disappointing quarterly sales projection highlighted the need for a redesign of the dating-app experience to attract fresh generations seeking companionship.

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