Stocks making the biggest moves premarket: General Mills, U.S. Steel, VF Corp, ResMed, and more
Check out the companies making headlines in premarket trading. United States Steel — Shares advanced more than 3% after Reuters reported the Committee on Foreign Investment in the United States granted a request to push back a review of Nippon Steel’s bid for U.S. Steel until after the November election. Reuters cited a person familiar with the matter. General Mills — Shares were 1% lower after profit for the packaged foods company dropped 14% last quarter on lighter margins due to higher input costs. Casella Waste Systems — Stock in the recycling company pulled back more than 4% after it announced plans for a $400 million equity offering of its Class A common stock. Intuitive Machines — Shares of the space exploration company surged more than 52% after it received a nearly $5 billion space network contract from NASA . ResMed – Shares slipped 2.7%, on light trading volume, following a downgrade at Wolfe Research to underperform from peer perform. The firm expects revenue growth to decelerate in the face of increasing competition from Eli Lilly’s GLP-1 medication. VF Corp — Shares jumped 3% after Barclays upgraded VF Corp to overweight from equal weight , saying the risk-reward for the apparel company behind The North Face and Vans is attractive. The stock is down 2% this year. Microsoft , BlackRock — Microsoft and BlackRock shares traded marginally higher after the companies planned to raise $100 billion together to invest in artificial intelligence data centers and power efforts . — CNBC’s Michelle Fox and Sarah Min contributed reporting This post has been syndicated from a third-party source. View the original article here.
