Victoria's Secret, Nordstrom, Big Lots fall premarket; OneSpan, Novo Nordisk rise
Investing.com — U.S. futures edged higher Thursday, as investors await the second day of testimony of Fed chief Jerome Powell’s two-day testimony before Congress.
Here are some of the biggest premarket U.S. stock movers today:
OneSpan (NASDAQ:OSPN) stock rose 28% after the cybersecurity firm announced consensus-beating quarterly earnings.
Victoria's Secret (NYSE:VSCO) stock slumped 30% after the lingerie retailer unveiled soft sales guidance fueled by waning apparel demand.
New York Community Bancorp (NYSE:NYCB) stock fell 0.6% after the regional lender disclosed on Thursday it held deposits of $77.2 billion, down roughly 7% from the $83 billion it had on Feb. 5. It had announced that it had secured $1 billion from a group of investors.
Novo Nordisk (NYSE:NVO) stock rose 5.5% after the Danish pharmaceutical giant unveiled data for its experimental obesity drug that suggested it was more effective than its blockbuster Wegovy therapy.
Rivian (NASDAQ:RIVN) stock rose 2.7% after Jefferies launched coverage of the EV manufacturer with a ‘buy’ rating, saying it is currently on a capital spending trajectory, which if managed successfully, could address gaps in the company's business model.
Nordstrom (NYSE:JWN) stock fell 1% after Jefferies downgraded its stance on the department store chain to ‘hold’ from ‘buy’, saying full-price sales «continue to underwhelm».
Big Lots (NYSE:BIG) stock fell 1% after the discount home essentials retailer reported a wider-than-expected fiscal fourth-quarter loss but provided an upbeat outlook for gross margin.
Burlington Stores (NYSE:BURL) stock rose 3% after the department store chain posted fourth-quarter income that topped average analyst estimates, even though it flagged some caution
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