Check out the companies making headlines in pre-market trading. Robinhood — Shares of the brokerage firm jumped more than 6% after the unveiling of the Robinhood Gold Card, a credit card that offers cash back to a brokerage account. Concentrix — Shares fell nearly 4% on disappointing fiscal second-quarter earnings guidance. The customer experience technology company also reaffirmed its 2024 full-year guidance. GameStop — Shares fell more than 17% after the video game retailer reported a significant decline in fourth-quarter revenue compared with the period a year earlier. The company added that it has also reduced its workforce by an unspecified number across the quartet to cut costs. Moderna — The company’s shares rose 3.5% after the pharmaceutical company said it has advanced three vaccines into final-stage trials. Additionally, Blackstone Life Sciences said it will contribute up to $750 million to fund Moderna’s flu program. nCino — Shares of the cloud software company rose about 12% after the company reported a 13% increase in first-quarter revenue from a year earlier. The company’s fourth-quarter profit also beat analysts’ expectations. Krispy Kreme — Shares rose more than 2%, up 39% from the previous session. The company announced Tuesday that it will expand its partnership with McDonald’s to sell the donuts at the fast-food chain’s restaurants, with availability expected nationwide by 2026. Viking Therapeutics shares rose nearly 3%. The stock had risen more than 15% in the previous session on promising results from a diet pill trial. Deutsche Bank – Shares rose 3% after Morgan Stanley upgraded its stock rating to outperform. The firm said the German bank could have more room to operate despite strong growth in 2024. Trump Media & Technology Group — Shares of former President Donald Trump’s social network rose nearly 14% after its debut as a public company a day earlier. Merck – The company’s shares rose nearly 5% after the Food and Drug Administration approved Merck’s life-threatening lung disease treatment Winrevair for use among adults with pulmonary arterial hypertension. Carnival – Shares rose 2% ahead of the cruise operator’s first-quarter earnings report, due yesterday. Analysts polled by FactSet expect a loss of 17 cents per share and quarterly revenue of $5.33 billion. Carnival shares rose 130% in 2023 as the industry recovered from Covid, but are down 8% this year, lagging peers. — CNBC’s Michelle Fox, Sarah Min and Jessie Pound contributed reporting.
