U.S. stock futures edged lower Friday, ending a winning week on a negative note ahead of the release of key economic activity data.
Here are some of the biggest premarket U.S. stock movers today:
- Nvidia (NASDAQ:NVDA) stock rose 2.3%, bouncing after the chipmaker slumped almost 7% during the last session, moving its market cap back above the $3 trillion threshold.
- SolarEdge (NASDAQ:SEDG) stock fell 17% after the renewable energy company announced plans to offer $300 million in new debt.
- Birkenstock (NYSE:BIRK) stock slid 3.8% after the footwear maker said a top shareholder plans to offload 14 million shares in a public offering.
- Novo Nordisk (NYSE:NVO) stock rose 2.1% after the drugmaker’s blockbuster Wegovy weight-loss treatment received approval from regulators in China.
- Spirit AeroSystems (NYSE:SPR) stock fell 3.3% following a Bloomberg report indicating Boeing (NYSE:BA) has offered to acquire the airplane fuselage maker in a deal funded mostly by stock that values its key supplier at about $35 per share.
- Trump Media & Technology Group (NASDAQ:DJT) stock rose 9.2%, extending Monday’s gains after the former president’s company had announced it expected $69.4 million in proceeds from the cash exercise of warrants.
- Pool (NASDAQ:POOL) stock fell 11% after the swimming pool products distributor cut earnings and revenue expectations, citing lower new pool construction and remodeling activities.
- Mastercard (NYSE:MA) stock rose 0.2% with Commerzbank rating the U.S. payment service provider as a “strong buy”, citing its robust growth prospects and its leading position in global payments.
- Airbus (OTC:EADSY) stock fell 11% after the aircraft manufacturer said it was cutting its financial targets for 2024, citing supply chain issues and additional costs in its space systems division.
