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Five Below, Dollar General, Southwest Airlines rise premarket; Signet falls

Published 05/12/2024, 13:04
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Investing.com -- US stock futures steadied Thursday, ahead of weekly labor market data as well as more retail sector earnings.

Here are some of the biggest premarket US stock movers today:

  • Dollar General (NYSE:DG) stock rose 1.9% after the discount chain operator reported third-quarter revenue that surpassed expectations, while also trimming the upper end of its annual profit forecast on hurricane-related expenses.

  • Southwest Airlines (NYSE:LUV) stock rose 2.2% after the carrier revised its fourth-quarter revenue per available seat mile forecast upward, citing stronger pricing and a resurgence in domestic travel demand.

  • Five Below (NASDAQ:FIVE) stock rose 14% after the discount retailer reported better-than-expected third quarter results, raised its full-year outlook and announced the appointment of a new CEO.

  • American Eagle Outfitters (NYSE:AEO) stock slumped 13% after the retailer cut its target for annual comparable sales growth, in signs that apparel demand could be erratic during the critical holiday season.

  • Signet Jewelers (NYSE:SIG) stock fell 14% after the diamond jewelry retailer missed expectations for Q3 earnings and revenue.

  • SentinelOne (NYSE:S) stock dropped 14% after the cybersecurity firm missed estimates for third-quarter profit, while its guidance underwhelmed.

  • Synopsys (NASDAQ:SNPS) stock fell 8.2% after the chip design software firm forecast fiscal 2025 revenue below expectations thanks in part to a slump in China sales.

  • Coinbase Global (NASDAQ:COIN) stock rose 4.8%, with the cryptocurrency exchange operator benefiting from the gains in bitcoin, the world’s most popular digital currency, above the $100,000 level.

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