Stocks making the biggest moves in the premarket: Herbalife, GitLab, Textron and more

Take a look astatine immoderate of the biggest movers successful the premarket:

Herbalife Nutrition (HLF) – Herbalife tumbled 9.8% successful premarket trading aft the nutrition and wellness products institution announced a $250 cardinal convertible enactment offering. Herbalife plans to usage the proceeds to repurchase existing indebtedness and for wide firm purposes.

GitLab (GTLB) – GitLab shares surged 18.7% successful the premarket pursuing better-than-expected quarterly results for the shaper of improvement operations software, with a smaller nonaccomplishment than analysts had anticipated and income that exceeded statement estimates. GitLab besides issued an upbeat outlook.

Textron (TXT) – Textron rallied 9.6% successful the premarket aft the company's Bell portion won a U.S. Army declaration to supply next-generation helicopters. The declaration could perchance beryllium worthy astir $70 cardinal implicit a play spanning decades.

AutoZone (AZO) – AutoZone bushed apical and bottommost enactment statement for its latest quarter, with the car parts retailer besides reporting a larger-than-expected emergence successful comparable-store sales. AutoZone has been benefiting from consumers investing successful their existing cars amid still-high conveyance prices.

Signet Jewelers (SIG) – The jewelry retailer reported quarterly nett of 74 cents per share, good supra the 31 cents a stock statement estimate. Revenue bushed statement estimates arsenic well. Signet's same-store income diminution of 7.6% was successful enactment with analysts' estimates. The banal surged 8.1% successful premarket action.

JPMorgan Chase (JPM) – The bank's banal roseate 1.5% successful the premarket aft Morgan Stanley double-upgraded it to "overweight" from "underweight," pointing to a assortment of factors including increasing marketplace stock for the company's Consumer & Community Bank and improved operating leverage.

Royal Caribbean (RCL) – Royal Caribbean mislaid 2.1% successful premarket enactment aft a double-downgrade to "underweight" from "overweight" astatine J.P. Morgan Securities. The expert study is mostly upbeat connected the outlook for cruise stocks but notes that Royal Caribbean is peculiarly susceptible to a little favorable marketplace for raising superior fixed the timing of its aboriginal fiscal commitments.

Axon Enterprise (AXON) – Axon fell 2.7% successful premarket enactment aft the Taser shaper announced a $500 cardinal convertible notes offering.

General Electric (GE) – General Electric was upgraded to "outperform" from "perform" astatine Oppenheimer, which besides acceptable a terms people of $104 per share. The study is upbeat connected GE's aviation and powerfulness operations, among different factors. GE shares roseate 1.4% successful the premarket.