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These were the some of the most active U.S. stocks on Wednesday:
Stock gainers:
Livent Corp. shares
LTHM,
jumped nearly 10% premarket Wednesday after the lithium miner posted first-quarter results that topped Wall Street views and raised guidance.
Shares in Eli Lilly & Co
LLY,
jumped 9% premarket after the pharmaceutical company revealed positive results from its late-stage trial into the treatment of Alzheimer’s with its drug Donanemab.
Super Micro Computer Inc. shares
SMCI,
rose nearly 9% after the computer components maker’s earnings and forecast topped Wall Street estimates on strong demand created by AI applications.
World Wrestling Entertainment Inc. shares
WWE,
nudged up over 1% premarket, albeit with a small trading volume, after it posted a decline in first-quarter revenue but nevertheless beat Wall Street expectations.
Stock decliners:
PacWest Bancorp’s stock
PACW,
sank to lows of nearly 14% premarket in a continued selloff trend from Tuesday, where regional lenders were put into the spotlight again after JPMorgan Chase & Co announced earlier in the week that it would snap up collapsed First Republic Bank.
Shares in Estee Lauder
EL,
tumbled nearly 10% premarket as it missed profit expectations and trimmed its full-year sales outlook.
Advanced Micro Devices Inc. shares
AMD,
retreated more than 7% in the premarket session Tuesday after the chip maker said AI and data-center sales would drive the second half of 2023 but that a recovery in the beaten down PC market was needed to improve margins.
CVS Health Corp shares
CVS,
edged nearly 2% down following a cut in its full-year earnings outlook, despite beating revenue expectations.
Starbucks Corp.‘s stock
SBUX,
dropped more than 5% premarket, as the company’s new chief executive maintained his predecessor’s annual forecast despite an earnings beat for the quarter.
Ford Motor Co.‘s stock
F,
fell nearly 1% premarket after the auto maker swung to a profit in the first quarter and posted better-than-expected revenue, but kept its guidance intact despite the quarterly profit.
Sprout Social Inc. shares
SPT,
sank more than 24% after the social-media management software company’s revenue forecast for the current quarter was below Wall Street expectations.
Fresh Del Monte Produce Inc.’s stock
FDP,
dropped 2% premarket as it missed profit and sales expectations for the first quarter, but it boosted its dividend by 33% to 20 cents per share.
Mercury Systems Inc.‘s stock
MRCY,
declined over 9% in the aftermarket Tuesday as aerospace and defense tech company beat fiscal third-quarter profit and sales expectations but lowered its fiscal 2023 guidance.
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