Electronic Arts, American Airlines, Boston Beer fall premarket; GE Aerospace rise

Published 01/23/2025, 07:51 AM
© Reuters.
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Investing.com -- US stock futures traded mostly lower Thursday, easing from record highs ahead of a speech by Donald Trump at Davos later in the session and as the earrings season continues.

Here are some of the biggest premarket US stock movers today:

  • Electronic Arts (NASDAQ:EA) stock slumped 16% after the video game maker cut its bookings guidance for the third quarter and the full year following weaker demand for its soccer franchise, EA Sports FC, and role-playing game Dragon Age.

  • GE Aerospace (NYSE:GE) stock rose 7% after the aircraft engine supplier forecast a stronger full-year profit as demand for its high-margin parts and services got a boost from airlines flying older jets to sidestep a persistent shortage of new aircraft.

  • Apple (NASDAQ:AAPL) and Alphabet (NASDAQ:GOOGL) stock both rose just 0.1% after Britain's competition watchdog announced it has launched twin investigations into the so-called "mobile ecosystems" of the tech giants to see if they have violated UK digital competition rules.

  • Elevance Health (NYSE:ELV) stock rose 4.7% after the health insurer beat expectations for quarterly profit, partly helped by lower-than-expected spending on medical care for its members.

  • Alaska Air (NYSE:ALK) stock rose 1.9% after the carrier topped expectations for fourth-quarter profit and forecast a smaller-than-expected loss for the current quarter.

  • American Airlines (NASDAQ:AAL) stock slumped 10% after the carrier’s first-quarter earnings outlook on Thursday fell short of expectations, forecasting an adjusted loss per share of 20 cents to 40 cents for the first three months of 2025, breaking from a more upbeat outlook from its rivals.

  • Boston Beer (NYSE:SAM) stock fell 1.1% after Piper Sandler downgraded its stance on the brewer to ‘neutral’ from ‘overweight’, citing a disappointing launch of Hard Mountain Dew.

  • Knight-Swift Transportation (NYSE:KNX) stock rose 3.9% after fourth-quarter results showed improved operating margins.

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