Stocks making the biggest moves premarket: Procter & Gamble, Mobileye, McCormick, GameStop & more
Check out the companies making the biggest moves in premarket trading: Procter & Gamble — The consumer packaged goods company shed nearly 1.5% after its fiscal second-quarter revenue missed expectations. Procter & Gamble reported revenue of $22.21 billion, less than the $22.28 billion expected from analysts polled by LSEG. However, its earnings of $1.88 per share topped the consensus estimate of $1.86 a share. McCormick — The spice maker tumbled 6% following its disappointing fourth-quarter earnings results. McCormick’s adjusted earnings of 86 cents per share fell short of the 88 cents expected from analysts polled by FactSet. Revenue came in at $1.85 billion, slightly above the $1.84 billion consensus estimate. Mobileye Global — Shares sank nearly 6% after the maker of autonomous vehicle tech’s full-year guidance disappointed investors. Mobileye expects revenue to come in between $1.9 and $1.98 billion, versus the $2 billion FactSet consensus estimate. It also guided for adjusted operating income between $170 million to $220 million, less than the $306 million expected from analysts. The company’s fourth-quarter revenue topped expectations, while its adjusted earnings of 6 cents per share was in line with estimates. GameStop — CEO and chairman Ryan Cohen snapped up 500,000 shares of the video game retailer at an $21.60 each on Wednesday, sending the stock 3% higher. That’s in addition to a purchase of 500,000 shares he made on Tuesday. Venture Global — The stock jumped nearly 10% after the American natural gas exporter prevailed Wednesday in a legal battle with Repsol. The Spanish firm alleged Venture initially failed to deliver liquified natural gas from its Calcasieu Pass project in accordance with the firms’ 20-year contract. Datadog — The cloud software company was up nearly 3% after an upgrade from Stifel to a buy rating from a hold on the stock. The firm expects Datadog to post strong fourth-quarter growth, topping estimates once again . Datadog jumped more than 5% Wednesday after a slew of analysts reiterated buy or outperform ratings on the company, despite the stock’s more than 9% decline so far in 2026 Huntington Bancshares — The Columbus, Ohio-based super-regional bank dropped more than 2% after fourth quarter GAAP earnings per share dropped to 30 cents per share from 34 cents a year ago. Net interest margin of 3.13% missed the consensus estimate of 3.15%, according to FactSet data. Abbott Laboratories — The maker of glucose monitoring systems and other medical devices slumped almost 6% after fourth-quarter revenue and first-quarter earnings per share guidance both trailed Wall Street estimates, according to FactSet data. Alibaba — U.S.-listed shares of the Chinese tech company popped nearly 4% following a Bloomberg report Alibaba is planning an initial public offering for its artificial-intelligence chipmaking unit, T-Head. Intel — The chipmaker climbed 1% ahead of its fourth-quarter earnings report, expected after the bell. Analysts polled by StreetAccount anticipate revenue of $13.42 billion and earnings of 8 cents per share. Chip stocks — Chip stocks also moved higher ahead of the open. Microchip Technology , STMicroelectronics and On Semiconductor all rose more than 2% while Teradyne added 1.7% and Advanced Micro Devices rose 1.6%. — CNBC’s Liz Napolitano, Davis Giangiulio and Scott Schnipper contributed reporting.
