In the world of premarket trading, several major companies are making headlines with their stock movements. Marriott International, AMD, CVS, and Pfizer are just a few of the companies that are seeing significant changes in their stock prices.
Marriott International slipped about 2% after reporting weak earnings and guidance for the current quarter. The hotel chain’s earnings of $2.13 per share fell short of analysts’ expectations, causing the stock to drop.
AMD shares dropped nearly 7% in premarket trading after the chip maker provided an in-line forecast for the current quarter. Despite reporting sales slightly ahead of expectations, the stock fell as investors were hoping for more positive news.
CVS Health saw a more significant decline, with shares falling more than 10% after the company’s first-quarter report missed Wall Street expectations. The pharmacy and health care company reported lower earnings per share and revenue than analysts had predicted, leading to a sharp drop in the stock price.
On the other hand, Pfizer shares gained 2% after the drugmaker surpassed revenue expectations and raised its profit outlook. The company reported strong sales in non-Covid segments and expects adjusted earnings to increase for the fiscal year.
Overall, the premarket trading session is seeing a mix of ups and downs for these major companies. Investors will be closely watching how these stocks perform throughout the day as the market opens.
