Why Lululemon Shares Are Trading Higher By Around 9%; Here Are 20 Stocks Moving Premarket - Akanda (NASDAQ:AKAN), Applied Therapeutics (NASDAQ:APLT)

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Why Lululemon Shares Are Trading Higher By Around 9%; Here Are 20 Stocks Moving Premarket - Akanda (NASDAQ:AKAN), Applied Therapeutics (NASDAQ:APLT)

Shares of Lululemon Athletica Inc (NASDAQ: LULU ) rose sharply in pre-market trading after the company posted better-than-expected results for the third quarter and raised its full-year guidance .

Lululemon reported quarterly earnings of $2.59 per share, which beat the analyst estimate of $2.27 by 14.15%, according to data from Benzinga Pro. Quarterly revenue of $2.57 billion beat the Street estimate of $2.48 billion and was up from revenue of $2.4 billion from the same period last year.

The company announced a CEO succession plan and also authorized an increase to its share buyback program.

Lululemon shares jumped 9% to $203.82 in the pre-market trading session.

Here are some other stocks moving in pre-market trading.

Gainers

cbdMD, Inc. (NASDAQ: YCBD ) gained 57.6% to $0.9870 in pre-market trading after the company announced it had regained full compliance with NYSE American listing standards. Paranovus Entertainment Technology Ltd. (NASDAQ: PAVS ) surged 52.2% to $0.0525 in pre-market trading after declining 9% on Thursday. Neo-Concept International Group Holdings Limited (NASDAQ: NCI ) rose 33% to $1.65 in pre-market trading. Tilray Brands, Inc. (NASDAQ: TLRY ) rose 26.6% to $10.68 in pre-market trading following the company’s announcement of its Amped Live Resin Liquid Diamond product line. Quanex Building Products Corporation (NYSE: NX ) gained 22% to $18.38 in pre-market trading after the company reported better-than-expected fourth-quarter financial results. Akanda Corp. (NASDAQ: AKAN ) shares jumped 20.5% to $0.9477 in pre-market trading. Shareholders approved a share consolidation proposal, according to an SEC filing submitted on Tuesday. Canopy Growth Corporation (NASDAQ: CGC ) gained 20.3% to $1.36 in pre-market trading. Kaival Brands Innovations Group, Inc. (NASDAQ: KAVL ) gained 8% to $0.2160 in pre-market trading after declining 20% on Thursday. RH (NYSE: RH ) surged 3.1% to $158.00 in pre-market trading as the company posted mixed results for the third quarter after the closing bell on Thursday..

Losers

Applied Therapeutics Inc (NASDAQ: APLT ) fell 37.8% to $0.14 in pre-market trading after Cycle Pharmaceuticals announced plans to acquire the company. Clearone Inc (NASDAQ: CLRO ) tumbled 14.6% to $5.37 in pre-market trading after jumping 13% on Thursday. Mawson Infrastructure Group Inc (NASDAQ: MIGI ) fell 14.4% to $5.22 in pre-market trading after declining around 9% on Thursday. Black Titan Corp (NASDAQ: BTTC ) fell 14.2% to $3.53 in pre-market trading after surging 24% on Thursday. Brenmiller Energy Ltd (NASDAQ: BNRG ) fell 13.2% to $0.82 in pre-market trading after dipping 16% on Thursday. Beasley Broadcast Group Inc (NASDAQ: BBGI ) declined 12.2% to $7.76 in pre-market trading after declining 47% on Thursday. Movano Inc (NASDAQ: MOVE ) shares dipped 11.8% to $7.95 in pre-market trading after declining 3% on Thursday. LightPath Technologies Inc (NASDAQ: LPTH ) dipped 6.1% to $8.57 in pre-market trading after the company announced a proposed public offering of common stock. Broadcom Inc (NASDAQ: AVGO ) dipped 5% to $386.28 in pre-market trading. Broadcom reported better-than-expected results for the fourth quarter and issued strong first-quarter sales guidance. Vale SA (NYSE: VALE ) fell 3.6% to $12.81 in pre-market trading. RBC Capital analyst Marina Calero, on Wednesday, upgraded Vale from Sector Perform to Outperform and raised the price target from $11 to $14.2.

Now Read This:

Lululemon, Broadcom And 3 Stocks To Watch Heading Into Friday

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AKAN Akanda Corp $0.8958 13.9% Overview APLT Applied Therapeutics Inc $0.1430 -34.1% AVGO Broadcom Inc $386.55 -4.88% BBGI Beasley Broadcast Group Inc $7.81 -11.7% BNRG Brenmiller Energy Ltd $0.8373 -11.9% BTTC Black Titan Corp $3.53 -14.3% CGC Canopy Growth Corp $1.33 17.7% CLRO ClearOne Inc $5.11 -13.1% KAVL Kaival Brands Innovations Group Inc $0.2900 45.0% LPTH LightPath Technologies Inc $8.55 -6.25% LULU Lululemon Athletica Inc $205.02 9.63% MIGI Mawson Infrastructure Group Inc $5.64 -7.54% MOVE Movano Inc $8.29 -7.99% NCI Neo-Concept International Group Holdings Ltd $1.90 53.2% NX Quanex Building Products Corp $18.87 25.1% PAVS Paranovus Entertainment Technology Ltd $0.0436 26.4% RH RH $158.86 3.62% TLRY Tilray Brands Inc $10.85 28.7% VALE Vale SA $12.77 1.20% YCBD cbdMD Inc $0.9300 47.4% Market News and Data brought to you by Benzinga APIs

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