- Lordstown Motors RIDE -4.17% jumped 21%. The electric-truck startup—which recently disclosed that the Securities and Exchange Commission and Justice Department are investigating aspects of its business—named Daniel Ninivaggi as chief executive.
- Home retailer Williams-Sonoma WSM 0.70% raised its dividend and introduced a new buyback program. Shares jumped almost 14% in premarket trading.
- Supply-chain woes weighed on Burlington Stores. BURL 1.20% The retailer said logistical expenses would rise, pressuring profits for the rest of the year. Shares fell 6.8%.
- Looser Covid-19 restrictions are putting a gloss on Ulta Beauty ULTA 4.29% ‘s stock. Shares were up 5.9% after the beauty retailer said it expects full-year net sales between $8.1 billion and $8.3 billion. Analysts had forecast about $7.9 billion.
- Salesforce. CRM 0.46% com gained 2.8% after reporting a jump in quarterly sales. Analysts at Piper Sandler raised their price target for the business-software stock to $280 a share following the results.
- Dollar Tree DLTR 1.06% fell 5.9% after forecasting a small increase in same-store sales in the third quarter. Fellow discount retailer Dollar General lost 4.6% after saying profits and sales fell from a year before in the second quarter.
- Snowflake SNOW 0.85% shares rose 5.5%. The cloud-computing firm said quarterly revenues more than doubled.
- Software company Autodesk ADSK 0.35% posted a 16% rise in revenue in the second quarter but investors weren’t pleased with its guidance for the third quarter. Shares fell 7.5% premarket.
- NetApp NTAP 1.84% shares jumped 4.2% premarket after the company said profits rose in the first quarter of fiscal year 2022 amid strong demand for its cloud and data management products.
- Coinbase COIN -0.97% Global slipped 1.3%. Shares of the exchange have lost about a third since the company went public in April. Last week, Coinbase said it had amassed a $4 billion cash stockpile partly in preparation for closer regulatory scrutiny.
- Among the most actively traded stocks before the bell: AMC Entertainment. AMC -0.68% The Reddit favorite fell 2.5% premarket after having shot up in recent weeks. Fellow meme stock GameStop GME -5.06% ticked down 0.8% after dropping 5.1% on Wednesday.
- Carnival CCL 1.13% also changed hands more than most other stocks premarket, losing about 0.8%. The Delta variant could hamper cruise lines’ long-awaited recovery, a prospect that has weighed on the sector recently.
Chart of the Day
- In less than two weeks, El Salvador will become the first country to adopt bitcoin as a national currency. The foray into bitcoin risks wrecking El Salvador’s $26 billion economy.
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