Stocks Making the Greatest Movements Premarket 03/01

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Last Updated on March 1, 2023 by Bitfinsider

Spotify — The stock price of the music streaming behemoth increased 1.3%. Earlier in the day, Redburn raised the company to buy, adding that it expects margins to improve as headwinds from investments, publication royalty hikes, and foreign exchange diminish.

Kohl’s — Shares of the store dropped more than 8% after Kohl’s unexpectedly announced a fourth-quarter loss, with CEO Tom Kingsbury attributing the decline to the “continuing inflationary climate.” Kohl’s recorded a loss of $2.49 per share on sales of $5.78 billion. Analysts polled by Refinitiv anticipated earnings of 98 cents per share on sales of $5.99 billion.

Monster Beverage — Shares of the beverage business fell 4.8% after Monster posted quarterly profits of 57 cents per share, whereas analysts polled by StreetAccount had predicted 63 cents per share. The company’s sales of $1.51 billion fell shy of analysts’ forecasts of $1.6 billion.

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