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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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