Prism Stocks making the biggest moves premarket: Walt Disney, Hims & Hers, Palantir and more

Don’t miss the companies making waves before the market opens:

Walt Disney

— Despite beating fiscal second-quarter earnings expectations, the media titan saw its shares decrease by over 4%, even with reduced streaming losses.

Hims & Hers Health

— Following an impressive second-quarter revenue guidance surpassing estimates, the telehealth consultation platform saw a 14% surge in stock value. Predicted revenues between $292 million and $297 million exceed the LSEG consensus estimate of $288 million, while first-quarter results also outperformed projections.

Gap

— The apparel retailer experienced a 3.2% upswing in shares after Citi notched up its rating to buy from neutral and increased its price target, suggesting Gap might outdo first-quarter earnings predictions.

Target

— Buoyed by two optimistic Wall Street assessments, the retailer’s stock rose 1.6%. Echoing the positive sentiment, Citi upgraded Target to buy from neutral, tagging it a sector winner. UBS’s buy rating also predicted a promising first-quarter earnings report, which should act as a share price catalyst.

Palantir Technologies

— The defense-technology corporation saw an 11% drop in shares following its weaker-than-anticipated guidance. Revenue projections failed to meet the anticipated $2.71 billion, coming in at $2.68 billion to $2.69 billion.

Lucid Group

— Shares in the electric vehicle manufacturer declined 8% after its most recent report. Despite posting a 30 cent loss per share, Lucid reaffirmed its 2024 production prediction of approximately 9,000 vehicles and beat the revenue estimate with $173 million.

Rocket Lab USA

— The aerospace manufacturer’s shares fell 3% after first-quarter revenue failed to meet estimates. Revenue came in at $92.8 million, falling short of the StreetAccount consensus estimate of $95 million.

Simon Property Group

— The mall operator’s shares climbed 0.7% after first-quarter revenue outpaced predictions. Posting $1.30 billion in revenue, it exceeded the $1.29 billion anticipated by LSEG analysts.

Microchip Technology

— Shares decreased by 2% after the company’s guidance for the current quarter fell short of expectations. Predicted earnings per share of between 48 and 56 cents on revenues of $1.22 billion to $1.26 billion missed analysts’ expectations according to LSEG.

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Prism Stocks making the biggest moves premarket: Walt Disney, Hims & Hers, Palantir and more

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