Pre-Open Stock Movers:
Helbiz, Inc. (NASDAQ:HLBZ) 15% HIGHER; announced that today Salvatore Palella, Founder and Chief Executive Officer of Helbiz, purchased 2,044,676 shares of Class A Common Stock (the Class A Common Stock) from a seller for an aggregate price of $2,019,935 which represents about 6% of the common stock.
Gitlab Inc. (NASDAQ:GTLB) 10% HIGHER; reported Q1 EPS of ($0.18), $0.09 better than the analyst estimate of ($0.27). Revenue for the quarter came in at $87.4 million versus the consensus estimate of $77.8 million. GitLab Inc sees FY2023 EPS of ($0.93)-($0.89), versus the consensus of ($0.97). GitLab Inc sees FY2023 revenue of $398-402 million, versus the consensus of $390 million. GitLab Inc sees Q2 2023 EPS of ($0.24)-($0.23), versus the consensus of ($0.25). GitLab Inc sees Q2 2023 revenue of $93.5-94.5 million, versus the consensus of $89.7 million.
Kohl's Corporation (NYSE:KSS) 8% HIGHER; Franchise Group, Inc. (NASDAQ:FRG) announced that it has entered into a three-week exclusive negotiation period to acquire Kohl's Corporation for $60.00 per share in cash.
Target (NYSE:TGT) 8% LOWER; now expects its second quarter operating margin rate will be in a range of around 2%, versus the prior outlook of around 5.3%. Also, announced a set of actions to right-size its inventory for the balance of the year.
MicroStrategy Incorporated (NASDAQ:MSTR) 6% LOWER; Bitcoin falls back below $30K
Coinbase Global, Inc. (NASDAQ:COIN) 5% LOWER; Bitcoin falls back below $30K
Veru Inc. (NASDAQ:VERU) 4% HIGHER; Tang Capital discloses 5.2% stake - 13G
Costco Wholesale Corporation (NASDAQ:COST) 3% LOWER; falls on Target's warning.
Walmart Inc. (NYSE:WMT) 3% LOWER; falls on Target's warning.
HealthEquity, Inc. (NASDAQ:HQY) 3% HIGHER; reported Q1 EPS of $0.27, $0.01 better than the analyst estimate of $0.26. Revenue for the quarter came in at $205.7 million versus the consensus estimate of $204 million. HealthEquity sees FY2022 EPS of $1.23-$1.32, versus the consensus of $1.27. HealthEquity sees FY2022 revenue of $827-837 million, versus the consensus of $826.2 million.