Investing in the stock market can be both exciting and nerve-wracking. Keeping up with the latest news and trends can help you make informed decisions about where to put your money. Here are some highlights of companies making headlines before the bell:
Under Armour: Shares dropped 5.3% on news that founder Kevin Plank is returning as chief executive. Analysts downgraded shares, citing concerns about the company’s strategy.
Robinhood: The financial services platform reported a 41% increase in equity trading volumes, leading to a nearly 12% climb in shares.
Dollar General: The discount retailer saw a 5.8% increase in shares after posting stronger-than-expected earnings for the fourth quarter.
United States Steel: Shares dipped 5.8% amid reports of President Biden’s concerns over the company’s proposed acquisition.
Fisker: The electric vehicle developer’s shares fell significantly after reports of potential bankruptcy filing.
SentinelOne: The AI-powered cybersecurity provider lost 8% as investors were disappointed by its revenue forecast.
Dick’s Sporting Goods: Shares rose 3.6% after the retailer posted a beat in earnings and revenue for the fourth quarter.
Citigroup: Shares edged 1% higher after an upgrade from Goldman Sachs, citing potential for revenue growth and expense reductions.
MicroStrategy: Shares gained 1.6% after announcing plans to raise $500 million to buy more bitcoin.
Keeping an eye on these companies and their performance can give you valuable insights into the market. Stay informed and make wise investment decisions for your financial future.
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