Stocks making the biggest moves premarket: COIN, LEVI, AMC
Check out the companies making headlines before the bell. Levi Strauss — The denim apparel stock rose 7% after second-quarter results topped expectations. Levi Strauss reported 22 cents in adjusted earnings per share on $1.45 billion of revenue. Analysts surveyed by LSEG were looking for 13 cents per share and $1.37 billion. The company also increased its dividend and raised full-year guidance on several key metrics. Coinbase , MicroStrategy — Shares of Coinbase and MicroStrategy added 1% and 3%, respectively, as bitcoin reached a fresh all-time high on Friday. The price of the flagship cryptocurrency flew above $118,000 after bitcoin ETFs saw their biggest day of inflows of the year. BP — The energy giant said that second-quarter results from its oil trading division should be strong and that the company expects higher upstream production buoyed by U.S. operations. BP warned, however, that lower oil and gas prices would affect its performance. The company expects that lower oil sales and lower gas sales could hurt earnings by as much as $800 million and up to $300 million, respectively, according to a Friday press release . Shares were flat in the premarket. AMC Entertainment — The movie theater chain popped 7% in premarket trading after Wedbush upgraded the stock to outperform from neutral. The Wall Street firm said AMC is poised to benefit from a more consistent release slate over the next several quarters. Wedbush also pointed out the company is completing what could be the last major share issuance for the foreseeable future, putting a significant headwind behind it. Canadian stocks — The iShares MSCI Canada ETF (EWC) fell 0.5% after President Donald Trump announced a 35% tariff on Canadian imports into the U.S. Canada-based uranium miner Cameco and TD Bank were also lower in the premarket. Performance Food Group — Shares rallied 8% after Bloomberg News reported , citing people familiar with the matter, that U.S. Foods is considering a takeover of the food distributor. AeroVironment , Kratos Defense & Security — Shares of AeroVironment and Kratos gained more than 4% each after Defense Secretary Pete Hegseth ordered the Pentagon to fast track drone production. — CNBC’s Fred Imbert, Jesse Pound and Yun Li contributed reporting.
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