Stocks Making the Greatest Movements Premarket 06/15

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Last Updated on June 15, 2023 by Bitfinsider

Target — The retailer climbed 0.6% after announcing a 1.9%, or 2 cent, rise in dividends to $1.10 per share.

Cognyte Software — Following the software company’s quarterly report, shares surged 5.6% in premarket trading. Cognyte reported a loss of 23 cents per share excluding items, which was somewhat more than the 22 cent consensus forecast of FactSet analysts polled. However, sales was more than projected, with Cognyte reporting $73.4 million vs Wall Street’s $71.5 million expectation.

Aldeyra Therapeutics — The biotech stock rose 10% after the company declared statistical significance in the primary and all secondary endpoints for a medication that potentially treat a kind of eye inflammation.

American Express — The credit card company’s stock fell 2% in premarket trade after Citi warned that credit card spending had slowed. Citi has issued a negative catalyst watch for American Express, warning that the travel and entertainment sectors are declining more severely than other sectors.

Coinbase — Coinbase fell 4.5% after Mizuho questioned whether traders were shifting to Robinhood, which was down 2.1% before the bell. In a client note, Mizuho confirmed its underperform rating.

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