Stocks making the biggest moves premarket: Nike, Micron, Amylyx and others

Check retired the companies making headlines earlier the bell:

Nike (NKE) – Nike slumped 10% successful the premarket aft it reported a 44% summation successful inventories for its latest quarter, and said it would connection much discounts heading into the vacation season. The diversion footwear and apparel shaper reported better-than-expected nett and gross for its latest quarter.

Micron Technology (MU) – Micron gained 1.5% successful the premarket aft it bushed estimates with its latest quarterly earnings, adjacent arsenic income fell beneath forecasts. The chipmaker besides issued a weaker-than-expected gross outlook and said income are being impacted by waning request for user electronics.

Amylyx Pharmaceuticals (AMLX) – Amylyx surged 9.3% successful the premarket aft the FDA approved its caller ALS drug. The attraction slows the progression of the disease, extends survival, and is the archetypal ALS cause to summation FDA support successful 5 years.

Rent-A-Center (RCII) – Rent-A-Center tumbled 18.1% successful the premarket aft the rent-to-own institution chopped its current-quarter net guidance. The institution said existent economical conditions person impacted retail postulation and lawsuit outgo patterns.

Blue Apron (APRN) – The repast kit company's shares initially fell successful premarket enactment pursuing quality that Chief Financial Officer Randy Greben volition measurement down connected October 17 to instrumentality a presumption with different company. However, it subsequently erased those losses and roseate 2.7%.

Generac (GNRC) – Generac added 1.6% successful premarket trading aft Cowen began sum connected the powerfulness instrumentality shaper with an outperform rating. Cowen said a lodging marketplace slowdown and economical uncertainty are already priced into the stock.

Voya Financial (VOYA) – The fiscal services company's banal was upgraded to overweight from neutral astatine Piper Sandler, citing a fig of factors including charismatic valuation and a merchandise portfolio that benefits from inflation. Voya added 1.2% successful premarket action.