Check out the latest premarket stock movements, including big gains and losses for various companies.
On the flip side, managed care stocks are up thanks to a proposed 4.3% increase in Medicare Advantage reimbursement rates. Humana saw a nearly 6% rise, while UnitedHealth and CVS Health gained around 3%.
Boot Barn is also in the spotlight, with shares jumping about 4% after they projected better-than-expected earnings. They’re looking at around $2.43 per share, which is higher than what analysts thought.
Pinterest, however, isn’t having a great day, with shares down 3% after Jefferies downgraded them to hold, citing underwhelming growth.
Crypto stocks are feeling the pressure too, as Bitcoin dipped to about $90,000. Coinbase and MicroStrategy both fell 4%.
Lululemon is doing well, with shares up over 3% after a solid holiday sales update. They raised their sales and earnings guidance for the fourth quarter, which is great news.
Macy’s shares dropped 2% after a not-so-great fourth-quarter update, expecting revenue to be on the lower end of previous guidance.
Abercrombie & Fitch saw a big drop of 11% despite raising their fourth-quarter outlook. They expect sales growth, but it’s still lower than last year.
On a brighter note, Howard Hughes Holdings shares jumped 9% after a proposed merger deal.
Meanwhile, big tech stocks are down again as U.S. Treasury yields rise. Nvidia, Tesla, and Palantir each lost about 3%.
Moderna took a big hit, plunging 20% after cutting its 2025 sales guidance by around $1 billion.
Intra-Cellular Therapies, however, soared nearly 34% after Johnson & Johnson announced plans to acquire them for $132 per share. That’s a big win for them!
