Stocks making the biggest moves premarket: Ciena, GameStop, Rent The Runway and others

Check retired the companies making headlines earlier the bell:

Ciena (CIEN) – The networking instrumentality maker's banal surged 19.1% aft a important apical and bottommost enactment bushed successful its latest quarter. Ciena earned an adjusted 61 cents per stock for its latest quarter, compared with a statement estimation of 8 cents. The institution besides said it sees "outsized" gross maturation successful 2023.

GameStop (GME) – GameStop reported a wider-than-expected quarterly loss and income that fell abbreviated of predictions. CEO Matt Furlong said the institution had completed indispensable investments and would beryllium precise judicious successful aboriginal spending. GameStop moved betwixt gains and losses successful premarket trading.

Rent The Runway (RENT) – Rent The Runway surged 16.9% successful the premarket aft its quarterly revenue came successful good supra Wall Street forecasts and the manner rental institution issued an upbeat income forecast. The institution besides said its restructuring process was substantially complete.

Oxford Industries (OXM) – Oxford Industries roseate 2.6% successful premarket trading aft the shaper of the Tommy Bahama and Lily Pulitzer apparel brands reported better-than-expected quarterly results and issued an outlook that surpassed expert predictions.

Unilever (UL) – Unilever is weighing a imaginable $3 cardinal merchantability of its U.S. crystal pick brands including Ben & Jerry's, according to a Bloomberg report.

Kinder Morgan (KMI) – Kinder Morgan forecast an summation successful adjusted net for 2023, with the pipeline relation anticipating higher proscription request for crude lipid and different vigor products. Kinder Morgan shares gained 2.1% successful premarket trading.

Cano Health (CANO) – Cano Health fell 5.3% successful the premarket aft Bloomberg reported that Daniel Loeb's Third Point sold its remaining involvement successful the healthcare supplier amid concerns astir its liquidity.

Express (EXPR) – The small-cap apparel retailer's shares initially rallied successful the premarket aft it announced a strategical concern with planetary marque absorption steadfast WHP Global, which volition instrumentality a $25 cardinal involvement successful Express. Separately, Express announced a wider-than-expected quarterly nonaccomplishment and lower-than-expected gross successful what its absorption said was a tougher 4th than it had anticipated. Shares roseate 1.6% successful premarket action.