These Stocks are the Biggest Pre-Market Movers on Friday

TipRanks has compiled a list of Friday’s biggest pre-market stock movements. 

Using TipRanks’ new Top Stock Gainers/Losers page, we’ve identified the top 5 pre-market stock movers, as detailed below. 

5 Biggest Movers 

American fast-casual restaurant chain Sweetgreen, Inc. (SG) was the biggest gainer in pre-market trading, jumping around 17.1% at the time of writing. The company reported mixed fourth-quarter Fiscal 2021 results. Though a wider-than-expected loss of $1.14 per share was recorded in the quarter, revenues of $96.4 million beat analysts’ expectations of $84.11 million. 

Meanwhile, Germany-based Deutsche Bank Aktiengesellschaft (DB) had lost more than 8% in pre-market trading at last watch. The Financial Times reports that the bank could lose a quarter of its IT specialists as sanctions against Russia could see the bank cut off from key software technology centers in Moscow and St. Petersburg.

The Gap, Inc. (GPS) had surged around 8% in the pre-market session at last watch on the back of better-than-expected fourth-quarter Fiscal 2021 results and strong earnings guidance for Fiscal 2022. The American worldwide clothing and accessories retailer posted a smaller-than-expected loss and an increase in revenue during the quarter. For Fiscal 2022, the company expects EPS in the range of $1.85-$2.05 per share versus the consensus estimate of $1.86 per share. 

Amsterdam-based ING Groep N.V. (ING) was down 7.5% in the pre-market session at the time of writing. Following the recent developments in Ukraine and Russia, the Dutch multinational banking and financial services corporation has published an update on its position in both countries as of February 28, 2022, which might have raised investors’ anxiety.  

U.K.-based Stellantis N.V. (STLA) rounds off the list. It had plunged 7.5% in the pre-market trading session at last watch. No fundamental news has been released to explain the drop in price. 

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