Stocks making the biggest moves premarket: Snowflake, Salesforce,, Okta and more

The New York Stock Exchange welcomes Snowflake (NYSE:SNOW), on Tues. Dec 21st, 2021, to usher in the first day of winter.

Here are the companies that are in the spotlight before the bell rings.


— After revealing a lower-than-expected revenue forecast for the first quarter and the retirement of CEO Frank Slootman, the cloud data company’s stock took a hit. Snowflake’s predicted product revenue came in below analysts’ expectations. Morgan Stanley has also revised its rating of the cloud stock to equal weight.

— The AI software stock experienced a more than 15% surge following impressive earnings. The company reported a less-than-anticipated adjusted loss per share, with revenue also beating expectations.


— Despite beating Wall Street’s fiscal fourth-quarter expectations, Salesforce’s weak revenue forecast for the upcoming fiscal year led to a marginal decline in its stock. The software giant predicts single-digit revenue growth.


— Thanks to a strong quarter and promising future outlook, the identity-management company saw a more than 25% surge in its shares. Bank of America gave the shares a double upgrade to a buy.


— Following a Q4 earnings and revenue beating analysts’ predictions, shares in the edtech firm surged 20%. The company has also provided robust revenue forecasts for the first quarter and the full year.


– The footwear retailer’s shares enjoyed a more than 3% premarket rise following a first fiscal quarter revenue surpassing analysts’ expectations. However, its earnings for the period were below the forecast.

AMC Entertainment

— Despite surpassing Wall Street’s revenue estimates, AMC Entertainment reported a heavier loss than expected, leading to a 10% drop in its shares.

Paramount Global

— Shares in the media company saw a 2% rise following an unexpected Q4 profit. Rumors of Warner Bros Discovery no longer pursuing a merger with Paramount have also been floating around.


— After Q4 sales fell short of forecasts and news of the CFO’s impending departure, the apparel company’s shares slid 16%.


— Even though the energy drink manufacturer’s earnings report beat expectations, its shares dropped by 4.4%.

Best Buy

— The consumer electronics retailer saw a 2.6% rise in shares after Q4 results surpassed analyst predictions.


— The cloud computing stock enjoyed a 4% rise after beating Wall Street’s quarterly estimates.

Pure Storage

— Following better-than-expected Q4 earnings and an upbeat Q1 forecast, the data storage company’s shares got a bump of more than 9%.


— After missing Q1 revenue estimates, the tech company’s shares were down by 2.2%. The slump in the PC market impacted HP, as customers held off on system upgrades and reduced their spending.

Share This Article


About the Author

Stocks making the biggest moves premarket: Snowflake, Salesforce,, Okta and more

Editor Prism MarketView