Stocks making the biggest moves premarket: Humana, Nike, JD.com and more

by | Oct 2, 2024 | Financial

Check out the companies making headlines before the bell. Humana – Shares plunged more than 22% after the healthcare company announced dire preliminary Medicare Advantage data for 2025. The company said in an 8-K filing that 25% of its members are currently enrolled in plans rated 4 stars and above for next year, which is down from 94% in 2024. Nike – Shares sank 7% after the athletic apparel and sneaker company withdrew its full-year guidance . Nike, which posted an earnings beat and revenue miss for its fiscal first quarter, also postponed its investor day as its new CEO prepares to take office. China stocks – Shares of Chinese companies continued to gain amid the broader stimulus rally . E-commerce company JD.com and electric vehicle maker Li Auto both advanced more than 9%, while tech company Baidu and Temu parent PDD moved more than 6% higher. Fellow e-commerce company Alibaba also jumped more than 4%. Lamb Weston – Shares of the French fry maker company fell 5% after the company warned in its fiscal first-quarter that demand looks soft for restaurants and frozen products. Lamb Weston’s adjusted earnings for the period did come in slightly higher than expected at 73 cents per share. Analysts surveyed by LSEG were looking for 72 cents per share. Diamondback Energy – The oil stock rose 3% foll …

Article Attribution | Read More at Article Source

Share This