Stocks making the biggest moves premarket: JPM, MU, UNH
Check out the companies making the biggest moves before the bell: Memory chip stocks — The group fell following a downbeat overnight session in South Korea, as concerns over memory stock valuations grew following CXMT’s plans to roll out a new, more powerful chip by the end of 2026. U.S.-listed shares of SK hynix , Western Digital and Seagate all fell more than 5%. Micron shed 3.7%, and Sandisk declined by 4.6%. JPMorgan Chase — Shares rose nearly 1% after the bank raised its net interest income outlook for the year. However, gains were kept in check after the company reported third-quarter earnings and revenue that missed analyst expectations. Wells Fargo — The bank stock fell 1.1% on mixed Q3 results. Earnings per share of $1.87 exceeded an LSEG estimate of $1.85. Revenue of $21.87 billion was below a $22.3 billion forecast. Goldman Sachs — Shares rose 2.8% after the banking giant reported Q3 revenue of $18.68 billion, exceeding an LSEG estimate of $16.71 billion. Johnson & Johnson — The pharma giant reported better-than-expected results for the third quarter. J & J earned an adjusted $2.59 per share on revenue of $25.4 billion. Analysts polled by LSEG expected a profit of $2.54 per share on revenue of $25.28 billion. Still, the stock dropped more than 2%. Domino’s Pizza — The pizza chain fell nearly 3% after its third-quarter results failed to impress investors. While earnings per share and revenue exceeded analyst estimates, U.S. same-store sales rose 0.3% — only in line with a FactSet consensus. Syndax Pharmaceuticals — Shares tumbled 14% after the company said axatilimab did not meet its primary endpoint during a Phase 2 trial in which the antibody was used to treat idiopathic pulmonary fibrosis. “The MAXPIRe trial did not meet its primary endpoint, and we are disappointed by this outcome given the promising scientific rationale in IPF,” Nick Botwood, head of research & development at Syndax, said in a statement. Six Flags — Six Flags — The amusement park stock fell 7% after a man died and others were injured in a roller coaster incident in Georgia, according to Cobb County police. UnitedHealth — The health insurance giant popped 2% on third-quarter results that beat analyst expectations. UnitedHealth earned an adjusted $4.69 per share on revenue of $112.69 billion. Analysts estimated a profit of $4.14 per share on revenue of $111.40 billion, according to LSEG.
