Investing.com — U.S. stocks traded subdued on Friday after a generally strong week.
Here are the biggest stocks moving U.S. stocks in the premarket today.
Gap (NYSE:) stock rose 18% after the fashion retailer raised its annual sales forecast and said the holiday season was off to a “strong start.”
intuition (NASDAQ:) Shares fell 2.6% after the financial software company issued disappointing guidance for its second quarter and fiscal year.
Ross Stores (NASDAQ:) shares rose 6.9% as lower freight and supply chain costs cushioned the impact of weak sales and the off-price retailer raised its full-year profit forecast.
Texas Pacific (NYSE:) stock rose 5.1% with the addition of current constituents as the energy company plans to join next week. marathon oil (NYSE:) is acquired by ConocoPhillips (NYSE:).
Palo Alto Networks (NASDAQ:) stock fell 0.7% after HSBC downgraded its stance on the company from “hold” to “downgrade” due to valuation concerns.
reddit (NYSE:) stock fell 7.2% after Bloomberg reported that the social media company’s shareholders are looking to use the company’s stock to establish a credit facility.
MicroStrategy (NASDAQ:) stock rose 1.3% and Coinbase (NASDAQ:) rose 0.9%, with both companies buoyed by crypto gains as Bitcoin nears $100,000.
Nvidia (NASDAQ:) stock price fell 0.6% after Philip Securities downgraded its stance on the semiconductor maker from “buy” to “accumulate” due to recent price movements.
Honeywell (NASDAQ:) stock fell 0.2% after the conglomerate announced it would sell its personal protective equipment business to Protective Industrial Products for approximately $1.33 billion in cash.
Shares of Replimune (NASDAQ:) rose 15% after the biotech company announced major regulatory developments for its flagship cancer product.
