UnitedHealth, Block slip premarket; Celsius, Grid Dynamics rise

Published 21/02/2025, 13:20
© Reuters

Investing.com - U.S. stock futures hovered around the flatline on Friday, after equities on Wall Street fell in the prior session as traders assessed the first month of U.S. President Donald Trump’s administration. Investors are also looking ahead to the release of U.S. business activity for February, which could provide some insight into how firms fared during the opening months of 2025.

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

  • Unitedhealth Group’s (NYSE:UNH) shares slipped on a Wall Street Journal report that the Department of Justice has begun an investigation into the firm’s Medicare billing practices in recent months.
  • Block (NYSE:XYZ) shares slumped after the payments firm reported lower-than-anticipated fourth-quarter income despite receiving a boost from relatively strong holiday spending activity and a post-election spike in the price of Bitcoin.
  • Shares in Celsius Holdings (NASDAQ:CELH) rocketed higher by more than 30% after the energy drink maker announced it is set to acquire rival Alani Nu and reported better-than-expected fourth-quarter results.
  • Rivian Automotive (NASDAQ:RIVN) shares sank after the electric vehicle manufacturer issued a downbeat first-quarter delivery forecast despite unveiling its first-ever gross profit.
  • Shares in Vipshop Holdings (NYSE:VIPS) popped after the Chinese e-commerce company reported better-than-expected top- and bottom-line returns for the fourth quarter.
  • Five9’s (NASDAQ:FIVN) stock price spiked on higher-than-anticipated earnings that were driven by strong subscription revenues at the software company.
  • Grid Dynamics Holdings (NASDAQ:GDYN) shares surged on first-quarter and annual revenue forecasts from the information technology services firm that were above estimates.
  • Innodata (NASDAQ:INOD) shares rose following the release of fourth-quarter revenue and profit from the data engineering business that topped expectations.

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