Stocks with the biggest gains before the market: C, UAA, MSTR | Private Equity Weekly
Check out the companies making headlines before the market opens. Under Armor — Shares fell 5.3% on news that founder Kevin Plank would return as CEO of the sportswear company. Evercore ISI said Plank’s return is a clear signal that UAA’s strategy isn’t working and downgraded its stock rating to underperform from consensus. Robinhood – The financial services platform said Thursday that stock trading volume increased 41% in February compared with the same period last year, driving the stock price to rise nearly 12%. Dollar General — Shares of Dollar General rose 5.8% after the discount retailer reported a stronger-than-expected fourth-quarter profit. Dollar General reported earnings of $1.83 per share on revenue of $9.86 billion, while analysts polled by LSEG expected earnings of $1.75 per share on revenue of $9.78 billion. United States Steel — Shares fell 5.8%, plunging Wednesday on reports that President Joe Biden plans to express “grave concerns” about a proposed acquisition of U.S. Steel by Japanese company Nippon Steel Corp. . Fisker — Shares fell to 19 cents The Wall Street Journal reported that the electric car developer, which has long struggled to grow sales, has hired restructuring advisers to assist with a possible bankruptcy filing, according to people familiar with the matter. SentinelOne — The artificial intelligence cybersecurity provider fell 8% as investors viewed its revenue forecast of $812 million to $818 million as weak. Analysts polled by London Stock Exchange Group expected fiscal 2025 revenue of $815.8 million. SentinelOne reported stronger-than-expected quarterly results after the close on Wednesday. Dick’s Sporting Goods – Shares of Dick’s Sporting Goods rose 3.6% after the sporting goods retailer reported better-than-expected fourth-quarter earnings and revenue. Dick’s also raised its dividend by 10% and said it expects fiscal 2024 earnings per share to be between $12.85 and $13.25, compared with LSEG’s forecast of $12.90. Citigroup — Shares edged up 1% after Goldman Sachs raised its rating on the bank stock to “buy” from “neutral” and raised its target price, saying Citigroup can both increase revenue and cut expenses. MicroStrategy — MicroStrategy shares rose 1.6% after the company said it would raise $500 million to purchase additional Bitcoin and use it for other general corporate purposes. The company, which develops software but primarily acts as a proxy for Bitcoin, saw its shares rise 11% on Wednesday. —CNBC’s Alex Harring, Sarah Min and Michelle Fox contributed reporting.
