Stocks making the biggest moves in the premarket: Best Buy, Abercrombie & Fitch, Snap and more

Stocks making the biggest moves in the premarket: Best Buy, Abercrombie & Fitch, Snap and more

May 24, 2022 by CNBC

Key Facts

  • Petco (WOOF) – Petco jumped 5.4% in premarket action after beating top- and bottom-line estimates for its latest quarter, as well as better-than-expected comparable-store sales for the pet products retailer.
  • Zoom Video (ZM) – Zoom rose 4.7% in premarket trading after the videoconferencing company reported better-than-expected quarterly earnings and raised its profit outlook.
  • VMWare (VMW) – Broadcom's (AVGO) reported takeover talks with the cloud computing company are centered on a value of about $60 billion, or about $140 per share in cash and stock, according to people familiar with the matter who spoke to The Wall Street Journal.
  • Advance Auto Parts (AAP) – Advance Auto shares sank 3.7% in premarket trading after the auto parts retailer reported quarterly profit and revenue that fell slightly short of Wall Street forecasts.

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