Here are some of the biggest stock movers ahead of Friday’s market open:
Stock gainers:
Marvell Technology Inc.’s stock
MRVL,
was powering 14% higher in premarket action after the chip company said it expected revenue from artificial intelligence to at least double this fiscal year.
Gap Inc. shares
GPS,
rallied 12% after the retailer took Wall Street by surprise and posted an adjusted profit of a penny a share.
Workday Inc. shares
WDAY,
jumped 8% and headed toward their highest prices in more than a year, after the software company easily topped earnings expectations and brought on a new chief financial officer.
Ford Motor Co. shares
F,
rose 1% after announcing that its electric-vehicle owners soon will have access to the more than 12,000 Tesla Inc.
TSLA,
Superchargers in the U.S. and Canada starting next year.
Stock decliners:
Tilray Brands Inc. shares
TLRY,
TLRY,
dropped 18% after the cannabis company announced secondary offering to help pay down debt.
Shares of Ulta Beauty Inc.
ULTA,
slid 8% after the beauty-products and salon chain reported first-quarter same-store sales that just missed expectations and noted more competitive price-cutting among rivals.
RH stock
RH,
slipped 2% after the retailer formerly known as Restoration Hardware beat on earnings , but offered a mixed outlook when it came to Wall Street expectations.
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