top of page

Ambarella, PVH, Campbell Soup Rise Premarket; Crowd strike Falls


By Peter Nurse

Investing.com -- Stocks in focus in premarket trade on Wednesday, September 1st. Please refresh for updates.

  • Crowdstrike (NASDAQ:CRWD) stock fell 3.3% amid concerns over its heightened valuation despite the cybersecurity company beating quarterly earnings and raising full-year guidance for the second time this year. The stock has risen sixfold during the pandemic and is up over 10% this month alone.

  • PVH Corp (NYSE:PVH) stock rose 9.3% after the owner of clothing brands like Tommy Hilfiger and Calvin Klein reported strong quarterly results and provided optimistic third-quarter guidance.

  • Nio (NYSE:NIO) ADRs fell 5.1% as the Chinese electric car manufacturer cut its outlook for deliveries in the ongoing quarter, citing uncertainty over semiconductor supplies.

  • Sunrun (NASDAQ:RUN) stock rose 6.7% after JPMorgan (NYSE:JPM) added the solar company to its ‘top ideas’ list, saying the recent dip in its stock price has made a play too good to turn down.

  • Campbell Soup (NYSE:CPB) stock rose 0.8% with the food company beating expectations for the current quarter even as it forecast fiscal 2022 earnings below market estimates. It cited higher packaging, ingredients and transportation expenses.

  • Intuit (NASDAQ:INTU) stock rose 0.6% after Bloomberg News reported that the company is in talks to buy e-mail marketing firm Mailchimp for more than $10 billion.

  • Ambarella (NASDAQ:AMBA) stock rose 9.8% after the semiconductor design company, which counts GoPro amongst others as customers, beat quarterly expectations, and guided for an even stronger third quarter.

  • Koninklijke Philips (NYSE:PHG) ADRs rose 2.1% with the Dutch health technology company stating it will start repairing and replacing millions of respiratory devices in the United States and most of its other markets this month.

bottom of page