Take-Two Interactive, Designer Brands fall premarket; CVS, Autozone rise

Investing.com2023-12-05

Investing.com -- U.S. futures traded lower Tuesday, with investors turning cautious ahead of the release of job opening data, as a precursor to Friday’s official monthly payrolls number.

Here are some of the biggest premarket U.S. stock movers today:

Take-Two Interactive Software (NASDAQ:TTWO) stock fell 3.2% after the video game company released the first trailer for its highly-anticipated "Grand Theft Auto VI" title, saying it "coming 2025", later than previously expected.

Gitlab (NASDAQ:GTLB) stock soared 14% after the open-source cloud repository company reported better-than-expected third quarter results and offered healthy guidance.

CVS Health (NYSE:CVS) stock rose 1.4% after the healthcare conglomerate forecast 2024 revenue above estimates, expecting to benefit from its expansion into healthcare services and strength in its insurance business.

Johnson & Johnson (NYSE:JNJ) stock rose 0.3% after the drugs company forecast revenue growth of 5%-6% for the next year, as it banks on strong demand for cancer treatments Darzalex and Carvykti and resilient sales of blockbuster drug Stelara.

AutoZone (NYSE:AZO) stock rose 1.3% after the retailer of aftermarket vehicle parts posted a better-than-expected 10% rise in quarterly profit as demand for its Do-It-Yourself kits benefited from more people maintaining their existing vehicles instead of buying new ones.

Ermenegildo Zegna (NYSE:ZGN) stock rose 3.6% after the Italian fashion group said it aims to grow its sales on average by more than 10% annually over the medium term, with profit rising twice as fast, after it bought U.S. brand Tom Ford (NYSE:F) earlier this year.

Designer Brands (NYSE:DBI) stock slumped over 30% after the footwear retailer cut its full-year guidance, saying the footwear market has contracted for the first time since the pandemic amid unseasonably warm weather.

JM Smucker (NYSE:SJM) stock rose 3.6% after the food packaging giant slashed its full-year financial guidance, citing the impact of its $5.6 billion acquisition of Hostess Brands (NASDAQ:TWNK), although it still posted better-than-anticipated second-quarter income.

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Take-Two Interactive, Designer Brands fall premarket; CVS, Autozone rise

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