Stocks making the biggest moves premarket: Robinhood, Coinbase, Roku, Nike and more

3 weeks ago
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Check retired the companies making headlines earlier the bell:

Robinhood (HOOD), Coinbase (COIN) -- Shares of the retail trading app and cryptocurrency speech fell successful premarket trading aft China signaled that it was intensifying its crackdown connected crypto. The country's cardinal slope said Friday that each cryptocurrency-related activities are illegal. Shares of Coinbase fell much than 3.6% portion Robinhood dropped 2%.

Roku (ROKU) — Shares of the streaming video level fell successful premarket trading aft Wells Fargo downgraded Roku to adjacent value from overweight. The concern steadfast said successful a enactment that Wall Street expectations for Roku's gross maturation are apt excessively precocious arsenic contention increases. Shares of Roku were down 2.3%.

Nike (NKE) — The apparel giant's banal was nether unit connected Friday aft Nike chopped its gross forecasts owed to proviso concatenation issues. The institution said it expects full-year income maturation successful the mid-single digits for the 2022 fiscal year, down from a erstwhile forecast of debased double-digit growth. Shares of Nike fell much than 4% successful premarket trading.

Under Armour (UAA) — The diversion apparel retailer's banal fell successful premarket trading aft rival Nike chopped its guidance. Shares of Under Armour were down much than 2% successful premarket trading.

Costco (COST) — The retailer bushed expectations connected the apical and bottommost lines successful its fiscal fourth-quarter study connected Thursday afternoon. The institution reported $3.90 successful adjusted net per share, easy topping expectations of $3.57, and nett income for the 4th roseate much than 17% twelvemonth implicit year. The banal was somewhat higher successful premarket trading.

Merck (MRK) — The pharmaceutical giant, on with AstraZeneca, announced connected Friday greeting that a attraction utilizing the cause Lynparza slowed the progression of prostate crab successful a signifier 3 trial. Shares of Merck roseate much than 1% successful premarket trading.

Cheesecake Factory (CAKE), Dave & Buster's (PLAY) — The edifice stocks roseate somewhat successful premarket trading aft Jefferies upgraded the stocks to bargain from hold. The steadfast said that full-service restaurants person seen postulation clasp up good contempt the dispersed of the delta variant.

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