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DocuSign, Five Below Rise Premarket; AMC Entertainment Falls

Stock MarketsJun 04, 2021 07:52AM ET
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© Reuters

By Peter Nurse 

Investing.com -- Stocks in focus in premarket trade on Friday, June 4th. Please refresh for updates.

  • AMC Entertainment (NYSE:AMC) stock fell 9%, continuing Thursday’s 18% selloff after the meme stock favorite sold over 11 million shares, raising almost $600 million. The movie theater chain also filed a preliminary proxy seeking permission to sell 25 million more shares in 2022.

  • DocuSign (NASDAQ:DOCU) stock rose 6.6% after the company, which allows organizations to manage electronic agreements, benefited from strong demand for the company’s digital platform as the concept of working from home gets more widely adopted.

  • Lululemon Athletica (NASDAQ:LULU) stock rose 0.5% after the athletic apparel retailer raised its guidance for the year, riding on demand for its clothing as more people, coming out of a pandemic, look for healthier ways of living.

  • Facebook (NASDAQ:FB) stock fell 0.5% after regulators in the U.K. and the EU launched formal competition investigations into practices at the social media giant on the same day.

  • Broadcom (NASDAQ:AVGO) stock rose 0.3% after the semiconductor company reported current-quarter revenue above expectations, benefiting from the rising adoption of 5G technology.

  • Wells Fargo (NYSE:WFC) stock rose 1% after Bank of America (NYSE:BAC) upgraded its stance on the U.S. bank to ‘buy’ from ‘neutral’, saying it still has significant upside, despite gains of 50% so far this year, as its new leadership team tries to find new revenue streams and appease regulators.

  • Five Below (NASDAQ:FIVE) stock rose 5.2% after the discount retailer comfortably beat first-quarter profit and revenue expectations, with comparable-store sales surging 162% from the same quarter a year ago.

  • ChargePoint (NYSE:CHPT) stock rose 2% after the electric vehicle infrastructure company maintained its 2021 revenue outlook despite reporting a wider-than-expected loss for its latest quarter. 

  • MongoDB (NASDAQ:MDB) stock rose 4.7% after the database platform provider reported a lower loss than expected for its latest quarter. Subscription sales also jumped 40%, and the company forecast a lower-than-expected full-year loss.

  •  Zumiez (NASDAQ:ZUMZ) stock rose 4.9% after the specialty clothing store reported a bigger than expected first-quarter profit, with the company saying its business has recovered beyond pre-pandemic levels.

DocuSign, Five Below Rise Premarket; AMC Entertainment Falls
 

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kia bygi
kia bygi Jun 04, 2021 9:14AM ET
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Kelvin Magnum
Kelvin Magnum Jun 04, 2021 9:14AM ET
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Mitchel Pioneer
Mitchel Pioneer Jun 04, 2021 8:38AM ET
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The pre-market fraud is in full swing.  Can't have a loss on a Friday.  The routine is to send America into the weekend with a financial knife in their back, so watch it play out in the US Ponzi Scheme, greatest financial fraud in history, and biggest investment joke in the world.
 
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