Movers & Shakers: Lululemon stock stretches higher but SentinelOne plummets by a third, and other big movers

Movers & Shakers: Lululemon stock stretches higher but SentinelOne plummets by a third, and other big movers
By: market watch Posted On: June 02, 2023 View: 33

Here are some of the biggest movers in premarket trading Friday:

Stock gainers:

MongoDB Inc. shares MDB, +0.06% roared more than 25% higher in premarket trading Friday after the database-software company blew away expectations with its earnings and forecast delivered after Thursday’s closing bell.

Shares of Lululemon Athletica Inc. LULU, -1.08% rallied nearly 15% after the retailer forecast full-year sales and profit above expectations and as strong gains in China’s reopened economy helped boost first-quarter results.

Five Below Inc.  FIVE, -1.84% rose nearly 6% after the teen-and-tween-focused discount retailer raised the low end of its full-year revenue and profit forecasts.

Stock decliners:

SentinelOne Inc. S, -3.09% shares plummeted more than 30% after executives cut their annual forecast and announced layoffs as corporate customers use the security company’s software less and take longer to sign new deals.

PagerDuty Inc.’s stock PD, +1.98% tanked 12% after the cloud-computing company reduced its annual revenue guidance.

Shares of ChargePoint Holdings Inc. CHPT, +0.83% dropped nearly 4% after the EV charging network guided for a lower-than-expected fiscal second-quarter revenue.

Shares of Tilly’s Inc.  TLYS, -5.38% sank 14.5% after the West-Coast-themed clothing and accessories retailer forecast a steeper second-quarter loss than expected, saying that rising prices continued “to have a detrimental impact on our pre-teen, teen, and young adult customer demographic.”

Shares of Guidewire Software Inc. GWRE, -0.17% fell 7% after the insurance-software company missed on revenue, and offered a weak outlook.

Dell Technologies Inc.’s stock DELL, +1.45% ended Wednesday’s session higher after an early release of an earnings beat, but are nearly 3% lower in Friday’s premarket action following guidance that came up short of Wall Street’s expectations.

Broadcom Inc. shares AVGO, -2.23% flipped between gains and losses in the extended session Thursday and were last down 2% in Friday’s premarket after the chip and software company said generative AI will likely make up more than 25% of chip sales by 2024 , and analysts questioned the estimate.

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