Stocks making the biggest moves premarket: ORCL, PLAY, ADTN
Check out the companies making headlines before the bell: Oracle — The cloud infrastructure company jumped 5% after CBS News reported , citing sources, that Oracle is among a consortium of firms that would enable TikTok to continue operations in the United States if a framework deal is finalized between the U.S. and China. Dave & Buster’s Entertainment — The entertainment company’s second-quarter earnings fell short of expectations, sending shares tumbling nearly 16%. Adjusted earnings came in at 40 cents per share, missing the 91 cents expected from analysts polled by FactSet. Revenue was $557.4 million, versus the $562.8 million consensus estimate. Novo Nordisk — Shares rose 3% after Novo Nordisk said its experimental once-weekly weight-loss drug Cagrilintide monotherapy injection helped patients reduce their weight by 11.8% after 68 weeks. Chipotle Mexican Grill — The Mexican fast-casual chain added 2% after authorizing an additional $500 million for share repurchases. This additional authorization means that the company has a total of around $750 million available for share repurchases, as of Sept. 15. Adtran — Shares dropped more than 8% after fiber networking and telecommunications company announced a $150 million convertible senior notes offering. Nvidia — The chipmaker’s shares edged 0.3% lower after Reuters reported that the company’s RTX6000D chip designed for the Chinese market received a lukewarm response with some tech companies deciding to not place orders. Beijing on Monday accused Nvidia of violating its antimonopoly laws. Rocket Lab — The rocket company saw shares slip nearly 4% in premarket trading after the firm announced plans to sell up to $500 million worth of common stock. Oscar Health — Oscar Health said it priced an upsized $355 million in convertible senior subordinated notes in a private offering, sending shares down 4%. Denny’s — The American diner company rose 1.5% after investor JCP Investment Management and Jumana Capital filed an initial 9.4% stake to engage in discussions with Denny’s management. ArcBest — The logistics stock rose 1% after ArcBest increased its share repurchase authorization to a total of $125 million. — CNBC’s Sean Conlon, Michelle Fox, Lisa Han, Alex Harring, Yun Li and Pia Singh contributed reporting
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