Check out the companies making headlines before the bell. Under Armor — Shares fell 5.3% on news that founder Kevin Plank will return as CEO of the sportswear company. Evercore ISI said Plank’s return is a clear signal that UAA’s strategy isn’t working, lowering the stock from in-line to underperform. Robinhood — The financial services platform announced Thursday that stock trading volume rose 41% year-over-year in February, pushing the stock price up nearly 12%. Dollar General — Dollar General, the discount retailer, soared 5.8% after reporting better-than-expected fourth-quarter earnings. Dollar General posted earnings of $1.83 per share and sales of $9.86 billion, compared to analysts’ estimates compiled by LSEG of earnings of $1.75 per share and sales of $9.78 billion. United States Steel — Shares fell 5.8%, adding to Wednesday’s plunge after reports that President Joe Biden plans to express “serious concerns” about Japan’s Nippon Steel Fisker’s proposed takeover of U.S. Steel. I put it on. Shares fell to just 19 cents The electric vehicle developer, which has struggled for years to grow sales, has hired a restructuring adviser to help it file for potential bankruptcy, according to people familiar with the matter, The Wall Street Journal reported. After the news was announced, the stock price plummeted. SentinelOne — his provider of AI-powered cybersecurity lost 8% as investors deemed his $812 million to $818 million revenue forecast weak. Analysts surveyed by LSEG expected fiscal 2025 sales of $815.8 million. After market close on Wednesday, Sentinel One reported better-than-expected quarterly results. Dick’s Sporting Goods – Shares rose 3.6% after the sporting goods retailer reported fourth-quarter profit and revenue. Dick’s will also increase its dividend by 10% and expects fiscal 2024 earnings per share to be between $12.85 and $13.25, compared to LSEG’s forecast of $12.90. Citigroup — Shares rose 1% after Goldman Sachs upgraded the bank’s stock to buy from neutral and raised its price target, citing Citi’s ability to both grow revenue and cut costs. MicroStrategy — Shares rose 1.6% after MicroStrategy announced it would raise $500 million to buy additional Bitcoin and use it for other general corporate purposes. The company, which develops software but primarily acts as an agent for Bitcoin, was up 11% on Wednesday. —CNBC’s Alex Harring, Sarah Min and Michelle Fox contributed reporting.
Stocks with the biggest moves pre-market: C, UAA, MSTR
