A number of stocks are making significant moves before the market opens. The biggest gainers include Celsius Holdings, which skyrocketed over 31% after surpassing earnings expectations for its fourth-quarter report. The energy drink maker also entered an agreement to acquire Alani Nutrition in a cash and stock deal.
Dropbox shares fell more than 9% on mixed quarterly results. Meanwhile, Block reported strong revenue growth, but missed adjusted earnings expectations.
Booking Holdings rose 3.1% after beating earnings expectations for the fourth quarter, while Akamai Technologies tumbled nearly 10% after its guidance for the first quarter came in weaker than expected.
UnitedHealth shares sank around 8% after reports that the insurer is under investigation by the Justice Department. Rivian saw its shares fall more than 3% after forecasting lower deliveries in 2025, despite beating earnings expectations and achieving its first gross quarterly profit.
Other notable movers include Insulet, which fell slightly lower but beat earnings expectations; MercadoLibre, which jumped nearly 12% after fourth-quarter results topped expectations; Grab, which rose 2.8% after JPMorgan upgraded the company to overweight; Coinbase, which saw its shares rise more than 4% after agreeing to drop an enforcement action against it.
Note: The information in this article is for general news purposes only and should not be considered as investment advice.
Source: https://www.cnbc.com/2025/02/21/stocks-making-the-biggest-moves-premarket-unh-rivn-sq-celh.html