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Stocks making the biggest moves premarket: Intel, GameStop, Bath & Body Works and more

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Alphabet Inc News

Gitlab Inc,Sentinelone Inc,Bath & Body Works Inc

These are the stocks posting the largest moves in premarket trading.

Check out the companies making headlines before the bell. Intel — Shares rose more than 1% in the premarket after the company announced new artificial intelligence chips aimed at competing with those from rivals Nvidia and AMD. Despite the AI boom, Intel is down nearly 40% year to date, while Nvidia and AMD are up 132% and 11% in that time, respectively.

Bath & Body Works topped first-quarter earnings and revenue estimates but shared disappointing guidance for the current period. The company expects earnings to range between 31 cents and 36 cents a share, versus a FactSet estimate of 38 cents. SentinelOne — The cybersecurity stock rose 2.3% on the back of a Canaccord Genuity upgrade to buy from hold. The firm called SentinelOne a secular winner in the long term and said its recent sell-off was "overdone.

 

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