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AMC Entertainment, Boot Barn, Boeing fall premarket; Nextracker rises

Published 15/05/2024, 12:48
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Investing.com -- U.S. stock futures traded in a calm fashion Wednesday, ahead of the release of key consumer inflation data, which could dictate future Federal Reserve thinking on interest rates.

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

  • AMC Entertainment (NYSE:AMC) stock fell 11%, after this week’s hefty gains, following the cinema chain’s disclosing a debt-for-equity swap that will see it issue over 23 million shares.

  • Boot Barn (NYSE:BOOT) stock fell 6.5% after the footwear retailer forecast sales trends for the fiscal year ahead that were below expectations amid continuing tepid demand from shoppers.

  • Nextracker (NASDAQ:NXT) stock rose 14% after the solar tracker manufacturer posted quarterly earnings and revenue above expectations, driven by robust demand in U.S. and international markets.

  • Boeing (NYSE:BA) stock fell 1.1% after the U.S. Justice Department said that the aircraft manufacturer had breached its obligations in a 2021 agreement that shielded the planemaker from criminal prosecution over fatal 737 MAX crashes.

  • New York Community Bancorp (NYSE:NYCB) stock rose 3.9% after the lender agreed to sell a portfolio of about $5 billion in mortgage warehouse loans to JPMorgan.

  • Walmart (NYSE:WMT) stock rose 0.1% after the retail giant announced that it plans to cut hundreds of jobs at its corporate headquarters and relocate a majority of its U.S. and Canada-based remote workforce to three offices.

  • Tesla (NASDAQ:TSLA) stock fell 0.2% after the EV manufacturer faced a 11% week-over-week decline in Chinese sales, with sales dropping to 9,800 units.

  • Dlocal (NASDAQ:DLO) stock fell 28% after the fintech company released its first-quarter financial report, which fell short of Wall Street expectations.

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