Here are some of the biggest movers in premarket trading Thursday:
Stock gainers:
Walt Disney Co. shares
DIS,
rose 2% after the media giant reported a mixed third-quarter and said it will raise prices on almost all of its streaming packages in an aggressive push to boost profit.
Shares of Applovin Inc.
APP,
rallied more than 20% after the software company swung to a profit and reported better-than-expected revenue in its second quarter.
Sonos Inc. stock
SONO,
zoomed 10% higher after the maker of audio and home-theater equipment reported better-than-expected revenue for its fiscal third quarter and tweaked guidance for fiscal 2023.
Shares of Kenvue Inc.
KVUE,
rose nearly 3% on news the Johnson & Johnson spinoff and maker of Tylenol, Benadryl and other household names in health-care products will be the latest company to join the S&P 500 index
SPX.
Shares of Wynn Resorts
WYNN,
rose 1.9% after the casino and resort operator reported second-quarter results that beat expectations, helped by a rebound in Macau and strong trends in North America.
Capri Holdings shares
CPRI,
jumped 24% after A Wall Street Journal story said Tapestry
TPR,
the owner of Coach, was in talks to buy Capri, the parent company of Michael Kors, Jimmy Choo and Versace.
Stock decliners:
Plug Power Inc. stock
PLUG,
dropped nearly 12% after the alternative-energy company saw losses for the second quarter increase more than Wall Street expected.
Shares of Illumina Inc.
ILMN,
slid nearly 5% after the DNA-sequencing company tempered its full-year sales outlook, amid a cautious consumer backdrop and a wobbly economic recovery in China.
