Stocks making the biggest moves premarket: Lululemon, Costco, Broadcom and others

Check retired the companies making headlines earlier the bell:

Lululemon (LULU) – Lululemon slid 7.1% successful the premarket aft the diversion apparel shaper issued a weaker-than-expected outlook. Lululemon reported better-than-expected nett and gross for its latest quarter, but it saw a smaller-than-expected summation successful comparable store sales.

Costco (COST) – Costco missed estimates connected some the apical and bottommost lines for its latest 4th arsenic inflation-hit consumers chopped backmost connected spending. The warehouse retailer besides saw accrued operating expenses.

Broadcom (AVGO) – Broadcom shares rallied 3.6% successful premarket enactment aft the spot shaper reported better-than-expected quarterly results and an upbeat outlook. The institution besides raised its dividend and said it would resume stock buybacks.

Netflix (NFLX) – Netflix gained 3% successful the premarket pursuing 2 affirmative expert reports. Wells Fargo upgraded the streaming service's banal to overweight from adjacent weight, saying contented maturation would lessen lawsuit churn. Cowen named the banal a "best idea" for 2023, pointing to further monetization avenues including the caller ad-supported tier.

DocuSign (DOCU) – DocuSign posted an 11.3% premarket leap pursuing upbeat quarterly results for the physics signature exertion company. DocuSign besides reported better-than-expected billings — a metric that tracks income to caller customers — positive subscription renewals and further income to existing customers.

AmerisourceBergen (ABC) – Walgreens (WBA) has chopped its involvement successful the cause distributor, selling $1 cardinal successful AmerisourceBergen shares. The determination cuts Walgreens' involvement to astir 17% from 20% and volition springiness Walgreens funds to wage down indebtedness and money strategical priorities. Walgreens remains AmerisourceBergen's largest shareholder. AmerisourceBergen fell 2.6% successful the premarket.

Bath & Body Works (BBWI) – Bath & Body Works shares jumped 4.9% successful the premarket pursuing quality that Daniel Loeb's Third Point has a much than 6% involvement successful the idiosyncratic attraction products retailer. An SEC filing besides revealed that Third Point is pushing the institution to name caller committee members.

RH (RH) – The institution formerly known arsenic Restoration Hardware bushed apical and bottommost enactment estimates successful its latest quarterly report. But the luxury manner retailer besides said its concern would proceed to deteriorate due to the fact that of accelerating weakness successful the lodging market. RH roseate 1% successful premarket action.