US PRE-MARKET MOVERS: WEN, ONON, GME/EBAY, UAA, HIMS, LOW, GTLB, GTM
ES -0.4% NQ -0.9% RTY -0.4%
- WEN +12%: Nelson Peltz in talks to raise funds for Wendy’s go-private bid
- ONON -2.5%: Profit & rev. missed
- GME -4%: EBAY rejected the unsolicited proposal from GME; board concluded that proposal is neither credible nor attractive
- UAA -12%: Deeper loss per shr. than exp.
- HIMS -15%: Surprise loss per shr & rev. light
- LOW +1.7%: Upgraded at Citi
- GTLB -12%: To restructure over the coming weeks & intends to reduce the number of countries it serves by up to 30%
- GTM -37%: Disappointing FY rev. guidance
- OpenAI to save $97bln through 2030 in latest MSFT deal
Context
In pre-market activity, notable movers include Wendy's with a significant +12% jump on news of Nelson Peltz's potential go-private plans, while Under Armour and Hims fell sharply due to deeper losses than expected. eBay's rejection of GameStop's proposal weighed on GME, reflecting ongoing challenges in its business model, suggesting volatility in the retail sector amidst mixed earnings reports.
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