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Biggest Premarket Moves: Apple, WestRock, McDonald's, and More

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Premarket Movers: Apple, Dutch Bros, Dave & Buster's, McDonald's, ChargePoint Holdings, WestRock, C3.ai, Roku, and Verint Systems

Several companies are making headlines in premarket trading. Here's a breakdown of the notable moves:


Apple shares dropped over 2.6% following reports that China plans to extend its ban on iPhone use to state-owned corporations. China's move to prohibit iPhone usage in government agencies is also contributing to the decline.

Dutch Bros

The drive-through coffee chain saw a 6% drop in premarket trading after announcing a public offering of $300 million in shares of its Class A common stock.

Dave & Buster's

Shares of the entertainment and dining company fell over 3% after reporting weaker-than-expected second-quarter earnings. The company's profit per share and revenue were lower than analysts' expectations, and comparable sales declined year over year.


The fast-food chain experienced a nearly 1% gain in premarket trading after Wells Fargo upgraded the stock, citing the company's strong performance in innovation and potential upside in the second half of the year.

ChargePoint Holdings

Shares of the electric vehicle charging infrastructure company tumbled 11.6% after missing estimates for the fiscal second quarter. ChargePoint's revenue fell short of expectations, and the company announced plans to cut its global workforce by approximately 10%.


Shares of WestRock rose 6.7% following reports of a potential merger with Europe's Smurfit Kappa. If the deal goes through, it could create a global paper and packaging giant worth around $20 billion.


The artificial intelligence software company experienced a 9.2% plunge after forecasting a larger-than-expected operating loss for the fiscal second quarter. C3.ai's projected loss exceeded analyst expectations, and the company reported a loss per share and revenue that fell short of estimates.


Roku's streaming stock declined by 1% after being downgraded by Loop Capital. The downgrade came after Roku announced plans to lay off 10% of its staff and make cost-cutting measures. However, the company had previously raised its third-quarter revenue guidance.

Verint Systems

The analytics company saw a 16.2% loss in premarket trading after its second-quarter earnings and revenue fell short of expectations. Verint's adjusted earnings per share and revenue were lower than analysts' forecasts. In conclusion, these premarket moves reflect the market's response to various factors impacting these companies, including geopolitical developments, financial performance, and analyst assessments. Investors will continue to monitor these stocks as trading progresses throughout the day.

Conclusion: Implications of Premarket Moves for New Businesses

The premarket movements of these high-profile companies provide valuable insights for new businesses.

Responding to Geopolitical Developments

Companies like Apple are affected by geopolitical developments, such as China's reported ban on iPhone use in state-owned corporations. New businesses must be aware of the potential impact of geopolitical factors on their operations and market performance.

Navigating Financial Performance

Companies like Dave & Buster's and ChargePoint Holdings experienced stock declines due to weaker-than-expected financial results. This highlights the importance of meeting financial expectations and communicating effectively with investors.

Recognizing the Power of Analyst Assessments

The premarket gain of McDonald's following an upgrade by Wells Fargo demonstrates the influence of analyst assessments on stock performance. New businesses should consider this when communicating with analysts and investors.

Managing Business Strategies

Companies like Roku and C3.ai saw stock declines following announcements of layoffs and cost-cutting measures. New businesses must carefully manage their strategies and consider the potential market response to significant operational changes. In conclusion, the premarket movements of these companies underscore the complexities of the stock market and the factors that can influence a company's performance. New businesses can learn from these experiences as they navigate their own paths in the market.
Story First Published at: https://www.cnbc.com/2023/09/07/stocks-making-the-biggest-moves-premarket-aapl-wrk-mcd.html
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