Stocks Making the Greatest Movements Premarket 03/22

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Last Updated on March 22, 2023 by Bitfinsider

GameStop — The shares of memes increased 44% after the business reported a quarterly profit for the first time in two years on Tuesday. The video game retailer’s profit percentage increased from the previous year. Luminar Technologies, Inc. — Shares fell roughly 9.2% after Goldman Sachs cut them to sell from neutral. For the prediction, the Wall Street company noted margin risk and a premium price.

Petco Wellness and Health — In early morning trading, the stock dropped 7.8% after the business announced fourth-quarter earnings that fell short of Wall Street’s forecasts. Petco reported sales of $1.58 billion, which was in accordance with analysts polled by StreetAccount. Petco also disclosed adjusted earnings per share of 23 cents, which fell short of the consensus expectation of 24 cents.

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