Zoom Video, Shake Shack, Albertsons – Tuesday’s Premarket Movers
This story has been updated.
Stock futures rose Tuesday, the day after Wall Street took a breath to gauge Washington’s political turmoil.
Here are some of the top movers during Tuesday’s premarket trading.
1. Zoom Video ZM | 2.51% decrease
Share from Zoom Video (ZM) – Get the report fell in premarket trading after the video conferencing platform announced it would sell approximately $ 1.5 billion worth of new shares.
Zoom is the latest in a line of companies to take advantage of last year’s soaring stock gains to raise equity.
2. Cantel Medical CMD | Plus 0.94%
Shares of Cantel Medical (CMD) – Get the report rose Tuesday after agreeing to sign a $ 4.66 billion contract with Steris STE that brings together two of the larger suppliers of infection prevention products.
3. SolarWinds SWI | Plus 1.27%
SolarWinds shares (SWI) – Get the report rose after it was revealed to have found the source of an advanced injection of malicious code that it believes was used by the perpetrators of the recent cyberattack on the company and its customers, including federal agencies.
4. Intel INTC | Plus 0.6%
Intel stocks (INTC) – Get the report were slightly higher on Tuesday after the chipmaker announced it would tap Taiwan Semiconductor Manufacturing Co. to make a second-generation discrete graphics chip for its PCs to combat the rise of Nvidia (NVDA) – Get the reportReuters reported.
5. Albertson’s ACI | Plus 4.48%
Stocks of Albertsons (ACI) – Get the report rose Tuesday after the company posted stronger-than-expected earnings in the third quarter and improved its full-year earnings outlook as digital and pandemic-driven sales boosted the grocer’s top line and bottom line.
Albertsons reported earnings of $ 123.7 million, or 20 cents per share, compared to $ 54.8 million, or 9 cents per share, last year. The adjusted EPS of 66 cents exceeded the FactSet consensus of 35 cents.
Revenue rose to $ 15.41 billion from $ 14.1 billion last year, ahead of the FactSet consensus of $ 15.04 billion.
6. Shake Shack SHAK | Plus 2.22%
Stocks of Shake Shack (SHAKE) – Get the report rose Tuesday after the burger chain’s fourth-quarter sales forecast beat Wall Street’s expectations.