Stocks - Amazon Gains in Pre-market; Dick’s Sporting Goods, Box Tumble

Stocks - Amazon Gains in Pre-market; Dick’s Sporting Goods, Box Tumble

Aug 29, 2018

Stocks in focus in pre-market trade Wednesday:

• Amazon.com (NASDAQ:AMZN) stock rose 1.12% by 8:03 AM ET (12:03 GMT) after The Information reported that the company is planning to launch a free, advertising-supported video service for the estimated 48 million people who use its Fire TV streaming video device. Fortune suggested that the competition could threaten Roku (NASDAQ:ROKU), whose shares sank 3.18%.

• Dick’s Sporting Goods (NYSE:DKS) stock tanked 7.95% as the company’s second-quarter revenue missed expectations and it forecast a 3% to 4% decline in consolidated same-store sales for 2018.

• Tesla (NASDAQ:TSLA) stock dipped 0.28% after Chinese rival NIO launched a $1.32 billion initial public offering in the U.S.

• Box (NYSE:BOX) stock tumbled 5.86% as the company forecast a wider-than-expected loss per share for the third quarter.

• HP Enterprise (NYSE:HPE) stock gained 1.49% after the company’s fiscal third-quarter results beat on both the top and bottom lines.

• Tilray (NASDAQ:TLRY) stock skyrocketed 18.45% as it doubled sales in its first earnings report since becoming a public company.

• Glaukos (NYSE:GKOS) stock soared 22.77% as competitor Alcon announced it would withdraw a rival eye stent for the treatment of glaucoma.

• Tailored Brands (NYSE:TLRD) fell 2.09% after announcing that its chief executive officer Doug Ewert is retiring while its chief operating officer has resigned.

• H&R Block (NYSE:HRB) stock lost 0.42% despite reporting fiscal first-quarter results that topped consensus.

• Unisys (NYSE:UIS) stock jumped 5.37% after S&P Dow Jones Indices announced that it would add the company to its S&P SmallCap 600.

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