Investing.com — US stock traded in a muted fashion Friday, at the end of a generally positive week.
Here are some of the biggest premarket US stock movers today:
Gap (NYSE:) stock rose 18% after the fashion retailer raised its annual sales forecast and said the holiday season was off to a “strong start”.
Intuit (NASDAQ:) stock fell 2.6% after the financial software company issued disappointing guidance for the second quarter and fiscal year.
Ross Stores (NASDAQ:) stock rose 6.9% after the off-price retailer raised its annual profit forecast, as lower freight and supply-chain costs helped soften the impact of slowing sales.
Texas Pacific (NYSE:) stock rose 5.1% with the energy company set to join the next week, with current constituent Marathon Oil (NYSE:) being acquired by ConocoPhillips (NYSE:).
Palo Alto Networks (NASDAQ:) stock fell 0.7% after HSBC downgraded its stance on the cybersecurity company to ‘reduce’ from ‘hold’ amid valuation concerns.
Reddit (NYSE:) stock fell 7.2% after Bloomberg reported that a shareholder of the social media company is seeking to establish a credit facility using an equity stake in the company.
MicroStrategy (NASDAQ:) stock added 1.3% and Coinbase (NASDAQ:) gained 0.9%, with both companies supported by the rise in the cryptocurrencies, as bitcoin nears $100,000.
Nvidia (NASDAQ:) stock fell 0.6% after Phillip Securities downgraded its stance on the semiconductor manufacturer to ‘accumulate’ from ‘buy’, citing recent price action.
Honeywell (NASDAQ:) stock fell 0.2% after the conglomerate said it would sell its personal protective equipment business to Protective Industrial Products for about $1.33 billion in cash.
Replimune (NASDAQ:) stock rose 15% after the biotechnology firm’s announcement of significant regulatory progress for its lead cancer product.
