Stocks Making the Biggest Premarket Move: Nike, Blue Apron, Bumble and More

Check out the companies making headlines in premarket trading.

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Nike: The renowned athletic footwear and apparel company witnessed an impressive nearly 10% surge in premarket trading following its earnings report. Nike reported earnings of 94 cents per share and $12.94 billion in revenue, surpassing analyst expectations of 75 cents per share and $12.98 billion in revenue. Nike also reiterated its guidance for mid-single-digit full-year revenue growth.

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Uranium Energy: The uranium mining company experienced a 2% increase as it announced fiscal full-year revenue of $164.4 million, a substantial rise from the $23.2 million reported the previous year. On a GAAP basis, Uranium Energy reported a loss of 1 cent per share, marking a shift from the 2 cents per share earnings in the prior year.

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Blue Apron: Shares of the meal kit company surged over 100% in premarket trading following the announcement of its acquisition by Wonder Group at $13 per share. Blue Apron's stock had closed at $5.49 per share on Thursday, with a market capitalization below $50 million.

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Anheuser-Busch InBev: The brewing company saw a 3.9% increase in premarket trading after receiving an upgrade to "buy" from "neutral" by Bank of America. The upgrade cited the company's approach to a margins inflection point.

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Brinker International: The parent company of Chili's enjoyed a 4% climb following an upgrade to "buy" from "hold" by Stifel. Stifel noted similarities between Brinker's strategic playbook and those of Olive Garden, Popeyes, and KFC, all of which experienced successful turnarounds.

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Editas Medicine: The genome editing firm experienced a 9% rise in premarket trading following an upgrade to "buy" from "hold" by Stifel. The firm suggested that investors may be overly pessimistic when evaluating the total addressable market.

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Ball: Shares of the aluminum-can manufacturer increased by 1.7% in premarket trading after an upgrade to "buy" from "hold" by Jefferies. The Wall Street firm cited improving fundamentals, accelerating free cash flow, and the company's resilience in a recession as key factors.

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Bumble: The dating application company saw a 4.1% climb after being upgraded to "buy" by Loop Capital Markets. The firm mentioned that the stock is "de-risked" and highlighted Bumble's strong cash balance and free cash flow generation as protective measures for its balance sheet.

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Texas Roadhouse: The restaurant chain advanced by 1.6% following a rating upgrade to "buy" by Northcoast Research. Northcoast commended the company for maintaining higher-than-expected traffic and having fundamentals that outperform its current valuation.

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