Stocks making the biggest move premarket: Solaredge, Pool Corp, Disney and more

Ahead of the Wall Street market opening, several stocks are attracting attention.

Solaredge Technologies, a green energy firm, experienced a 17% drop in its stock after announcing the launch of a $300 million convertible note offer due in 2029.

Pool Corp recorded a 12.4% fall in its shares after the company released an update to its full-year earnings predictions, which fell short of the FactSet consensus estimate. This was followed by a 4% retreat of its competitor Leslie’s Inc. in response.

Shares in the U.S for Singapore-based Sea Limited fell 3.9%, a result of JPMorgan downgrading its rating from overweight to neutral due to potential heightened competition.

Penn Entertainment’s shares, the online gambling platform, and casino firm, dipped 2% following a downgrade from Raymond James to market perform due to the “current valuation being appropriate”.

Walt Disney was initiated a buy rating by Goldman Sachs, highlighting the company’s sports rights portfolio and theme parks. Its shares saw a slight increase of less than 1%.

Microsoft, the owner of Xbox, experienced a minor share drop of less than 1%. This is linked to allegations by the European Union of antitrust violations connected to its bundled software products.

Enerpac Tool Group reported a 9% drop in its shares after its sales figures for the fiscal third quarter showed a year on year decrease. The firm also revised its net sales forecast for the year downwards.

Airbus shares in France slumped 11% as the aerospace manufacturer revised its financial targets for 2024.

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Stocks making the biggest move premarket: Solaredge, Pool Corp, Disney and more

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