Chewy, Dollar Tree and GameStop rise premarket; Tesla falls

Published 26/03/2025, 13:26
© Reuters

Investing.com -- U.S. stock futures steadied Wednesday, with investors awaiting more news surrounding trade tariffs, economic data and corporate earnings.

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

  • Chewy (NYSE:CHWY) stock rose 5.2% after the online pet food retailer reported core income in the fourth quarter that topped analysts’ expectations, bolstered by a solid uptick in demand.

  • Dollar Tree (NASDAQ:DLTR) stock rose 5.5% after the discount retailer reported better-than-expected fourth-quarter earnings and announced plans to sell its Family Dollar business.

  • GameStop (NYSE:GME) stock jumped 13% after following the video game retailer’s unanimous approval to incorporate bitcoin as a treasury reserve asset and its announcement of fourth-quarter results.

  • Tesla (NASDAQ:TSLA) stock fell 1.2% after Mirae Asset Securities downgraded its stance of the EV manufacturer to “hold” from “buy”, with its market share in Europe and China having significantly declined under fierce competitive pressure.

  • Nvidia (NASDAQ:NVDA) stock fell 1.6% after the Financial Times reported that new energy regulations in China for advanced chips could potentially impact the chipmaker’s sales.

  • Ashland (NYSE:ASH) stock rose 1.9% after JPMorgan upgraded its stance on the chemicals company to "overweight" from "neutral," citing an attractive entry point for investors amid stabilizing business conditions.

  • Wingstop (NASDAQ:WING) stock rose 0.9% after Wells Fargo (NYSE:WFC) started coverage of the restaurant chain with an “overweight” rating, emphasizing confidence in the brand’s competitive strengths.

  • Sailpoint (NASDAQ:SAIL) stock rose 3.2% after the provider of identity security solutions announced strong fiscal fourth quarter and full year results.

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