Nvidia, Lululemon, Carvana rise premarket; Five Below, Victoria’s Secret fall By Investing.com

By Investor Empires On Jun 6, 2024

Investing.com – US stocks traded in tight ranges on Thursday ahead of the release of initial weekly jobless claims data, and ahead of the key non-farm payrolls report on Friday.

Here are some of the biggest movers of US stocks in the pre-market today:

Nvidia (NASDAQ:) stock rose 1.7%, extending gains after the AI chip designer's market cap topped $3 trillion during the previous session, surpassing the iPhone maker. apple (NASDAQ:) as the second largest company in the world by value.
Lululemon Athletica (NASDAQ:) stock rose 8.8% after the premium sports apparel retailer reported first-quarter earnings and sales that beat estimates, while also raising its yearly guidance.
Five below (NASDAQ:) stock fell 16% after the discount retailer cut its sales forecast for the year after a tough quarter, with demand for its once-popular Squishmallow flagging.
New (NYSE:) ADRs fell 3.2% after the China-based electric car maker reported first-quarter results that beat expectations amid “intense competition,” but offered an upbeat outlook for the current quarter.
Victoria's Secret (NYSE:) stock fell 2.9% after the lingerie chain reported a net loss of $4 million in the first quarter, citing caution about the broader retail environment in North America.
Novo Nordisk The Danish drugmaker's stock (NYSE:) rose 0.2%, extending the Danish drug giant's share price rise so far this year, thanks in part to strong demand for the lucrative weight-loss drug Wegovy.
Convoy (NYSE:) stock rose 3.2% on a bullish note from Evercore ISI, with the investment firm saying the used car retailer will likely beat analysts' expectations for the first quarter, citing “continued stock gains amid a growing used-vehicle industry backdrop.”
Big lot (NYSE:) stock fell 18% after the home supplies retailer reported a larger-than-expected financial loss in the first quarter as consumers shunned big-ticket items.