Macy's, Krispy Kreme Rise Premarket; DraftKings, SoFi Technologies Fall

  • Investing.com
  • Stock Market News
Macy's, Krispy Kreme Rise Premarket; DraftKings, SoFi Technologies Fall

By Peter Nurse

Investing.com -- Stocks in focus in premarket trade on Tuesday, February 22nd. Please refresh for updates.

  • Home Depot (NYSE: HD ) stock fell 2.7% despite the home improvement chain beating quarterly same-store sales estimates, buoyed by steady demand for its tools, paint, and building materials.

  • Macy’s (NYSE: M ) stock rose 7.4% after the department chain topped market expectations for comparable sales in the crucial holiday quarter, rejecting calls to split off its e-commerce operations from its stores.

  • SoFi Technologies (NASDAQ: SOFI ) stock fell 2.9% after the Wall Street Journal reported that the online personal finance company is considering buying banking-software maker Technisys in an all-stock deal, potentially resulting in an equity dilution.

  • DraftKings (NASDAQ: DKNG ) stock fell 5.2% after Wells Fargo downgraded its stance on the sports betting company to “equal weight” from “overweight”, saying rising costs are going to weigh heavily.

  • Krispy Kreme (NASDAQ: DNUT ) stock rose 1.8% after price hikes and more purchase points for the customers helped the doughnut chain surpass fourth quarter estimates.

  • Polaris (NYSE: PII ) stock rose 0.1% after Citigroup added the manufacturer of electric vehicles to its focus list, saying the stock can surge once supply chain issues ease.

  • Medtronic (NYSE: MDT ) stock fell 0.1% despite the company reporting a 16.5% rise in quarterly profit, helped by a strong demand for its pacemakers and other heart devices.

  • Exxon Mobil (NYSE: XOM ) stock rose 1.8% and Chevron (NYSE: CVX ) stock 1.7% with oil stocks benefiting from the jump in oil prices after Russia’s move into Ukraine.

  • Houghton Mifflin (NASDAQ: HMHC ) stock soared 15% with the publishing company set to be taken private by Veritas Capital in a deal worth $21 a share, representing a near 16% premium from Friday’s close.

  • Volkswagen (DE: VOWG_p )and Porsche (DE: PSHG_p ) will be in focus after the German car manufacturers confirmed they were in talks about a potential listing of the luxury carmaker, which could result in one of the biggest-ever IPOs.

Add Chart to Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or

100
Please try another search

Related Articles