US stock futures were moving slightly to the upside Friday as oil prices rose and Wall Street awaited the release of personal consumption expenditures price index data for February.
These stocks were poised to make moves Friday:
SoftBank-backed PayPay jumped another 25.2% in premarket trading. Shares of PayPay jumped 13.5% in its trading debut Thursday after the digital payments firm’s $879.8 million US IPO.
Adobe fell 8%. Better-than-expected fiscal first-quarter earnings were overshadowed by the resignation of the software company's long-time CEO, Shantanu Narayen.
Ulta Beauty declined 8.3% after the cosmetics and fragrances retailer guided for growth to slow this fiscal year, even after its fourth-quarter sales came in ahead of expectations.
SentinelOne fell 4.9%. The cybersecurity company reported a 20% jump in revenue but posted a steeper loss in the fourth quarter and its first-quarter guidance underwhelmed the market.
Tesla rose 0.8% in premarket trading. The electric-vehicle company was shrugging off moves from its rivals, as Rivian Automotive unveiled pricing and specifications for its long-awaited R2 platform, and Lucid Group said at an investor day that its new midsize-vehicle platform will include three models and it introduced a robo-taxi concept.
Mosaic Co. was up 2.2% and CF Industries rose 2.7% as fertilizer companies continued to gain on expectations shipping disruption in the Strait of Hormuz will boost prices.
Insulet fell 4%. The insulin pump maker said it initiated a voluntary medical device correction for certain lots of Omnipod 5 Pods after identifying a manufacturing issue. "Certain Pods from specific lots may have a small tear in the internal tubing that delivers insulin. If this occurs, insulin may leak inside the Pod instead of being fully infused into the body as intended," Insulet said in a statement.
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