Let’s take a look at some of the companies that are garnering attention before the stock market opens. GameStop — This meme stock fell 5% in premarket trading, falling at the close after rising about 30% before the open. GameStop released a surprise earnings report, reporting first-quarter net sales of about $882 million, down 29% year over year. GME also gave an update on its stock sale, saying it would sell more shares on top of the 45 million share sale it announced in May that raised more than $900 million. Shares rose 47% on Thursday in anticipation of meme stock leader Roaring Kitty’s livestream starting at noon ET. Lyft — Shares of this ride-sharing company rose more than 3%. Following Lyft’s investor presentation on Thursday, multiple analysts upgraded the stock to a buy recommendation. Lyft said it expects compound annual growth in total bookings to be about 15% between 2024 and 2027. Vail Resorts — The ski resort owner fell 8% after reporting disappointing quarterly results that missed Wall Street’s expectations for both revenue and net income. Vail Resorts posted earnings of $9.54 per share on revenue of $1.28 billion. Skechers — Shares rose 2% after Bank of America upgraded the shoe maker to “buy,” citing an improving wholesale environment and solid sales trends. DocuSign — DocuSign fell more than 7% after it released its second-quarter and full-year outlook and reported first-quarter results that beat Wall Street’s first-quarter expectations. The electronic signature company’s board also authorized $1 billion in share repurchases. Samsara — The software maker’s shares fell more than 6% after it released its second-quarter and full-year financial outlook and reported first-quarter results that beat expectations. Samsara reported adjusted earnings of 3 cents per share on sales of $281 million.That beat LSEG’s expectations of EPS of 1 cent per share and revenue of $272 million. Blaze — Customer engagement platform Blaze jumped 15 percent after posting a smaller-than-expected loss per share of 5 cents and beating revenue expectations. The company also firmed up its outlook for the current quarter and full year, saying it now expects full-year revenue to be in the range of $577 million to $581 million. — CNBC’s Yun Lee and Michelle Fox contributed reporting
Biggest movers in premarket trading: GME, LYFT, MTN
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