Using TipRanks’ Top Stock Gainers/Losers tool, we have compiled a list of Friday’s biggest pre-market stock movers, which is as follows:
Five Biggest Movers
Domestic merchandise retail store chain Bed Bath & Beyond Inc. (NASDAQ: BBBY) topped the list on Friday, with its shares down over 40% in the pre-market trading session. This is after the stock closed 19.6% lower on Thursday and 18% down in the after-hours trading on Wednesday. The pre-market fall has been triggered by the sale of activist investor Ryan Cohen’s entire 11.8% stake in the New Jersey-based company by his firm RC Ventures.
Foot Locker, Inc. (NYSE: FL) stock surged nearly 22% before the bell on the news of the appointment of a new CEO. The athletic wear retailer has named Mary Dillon as its head. Dillon, who replaces Richard Johnson at Foot Locker, has served as the CEO of Ulta Beauty Inc. (NASDAQ: ULTA).
Next is Bill.com Holdings Inc. (NYSE: BILL) stock, which was up almost 20% in Friday’s early trade. The stock gained over 19% after-hours on Thursday following the release of outstanding fiscal fourth-quarter results. The cloud-based software provider recorded a loss of three cents per share, narrower than the Street’s loss expectation of 14 cents and the year-ago loss of seven cents per share. Additionally, revenue soared 156% year-over-year to $200.2 million, exceeding the consensus estimate of $183.16 million.
Shares of outdoor cooking products supplier Weber Inc. (NYSE: WEBR) were trading 12.6% higher before the market opened on Friday after closing 27.2% up on Thursday. The stock has witnessed significant volatility since the release of its fiscal third-quarter results on Monday. The latest jump could have been triggered by the trading of a record 20 million shares of the Illinois-based company on Thursday. This trading volume is nearly 31 times more than the stock’s average daily volume over the past year.
Finally, Brazilian fintech firm StoneCo Ltd. (NASDAQ: STNE) was down 12.3% at the time of writing on the news of the departure of its CFO Marcelo Baldin after five years of service. Board member Silvio José Morais has been named Interim CFO. Meanwhile, StoneCo has also announced its second-quarter results.
Continue to watch this space for possible volatility upon the market open. On Monday, we’ll have another up-to-date piece on stock Pre-Market Movers…
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