Stocks making the biggest moves premarket: Circle, Five Below, Chewy, MongoDB, Lands End, Brown-Forman and more
HS 05/06/2025
Check out the companies making headlines in premarket trading: Circle Internet Group — The stablecoin issuer priced its upsized, $1 billion initial public offering at $31 a share, above an expected range of $27 to $28 and an initial range last week of $24 to $26, giving Circle a total market value of some $7 billion. Five Below — The budget retailer climbed 7% on strong first-quarter earnings and upbeat guidance for current-quarter revenue. Five Below earned 86 cents per share, excluding items, on $971 million in revenue in the latest quarter, higher than analysts’ estimate of 82 cents per share and $967 million in revenue, according to LSEG. Five Below sees second-quarter revenue of $975 million to $995 million, versus a Street consensus of $954.7 million, FactSet said. MongoDB — The document storage and retrieval provider surged 17% after earnings of $1.00 per share, excluding one-time items, in the first quarter, above analysts’ average estimate of 66 cents per share, according to LSEG. Revenue of $549 million topped the consensus estimate of $528 million. PVH Corp . — The Calvin Klein and Tommy Hilfiger clothing maker tumbled 8% after cutting second-quarter earnings per share guidance, citing the impact of higher tariffs and overshadowing a stronger-than-anticipated first-quarter earnings report. Lands’ End — The clothing retailer rallied about 8% after saying it has taken steps to mitigate the effect of higher tariffs on its business. Lands End lost 18 cents per share, excluding one-time items, in the first quarter, matching the consensus forecast of analysts polled by FactSet. Revenue of $261.2 million missed Wall Street’s estimate of $273.7 million. Chewy — The pet e-commerce stock fell 3% on the heels of Jefferies’ downgrade to hold from buy. The investment bank cited the stock’s valuation as a key reason for moving to the sidelines. Brown-Forman — The Jack Daniels whiskey distiller slumped about 10% after fiscal fourth-quarter earnings of 31 cents per share missed Wall Street expectations of 34 cents. Brown-Forman revenue of $894 million also came in short of the $964.7 million estimated by analysts surveyed by FactSet. Verint Systems — The provider of customer service software surged 18% following better-than-anticipated first-quarter earnings, when Verint earned an adjusted 29 cents per share on $208 million in revenue, against analysts’ consensus of 22 cents per share on revenue of $195 million, according to LSEG. Visa — The credit card stock added about 1% after Mizuho upgraded its investment rating to outperform from neutral. The investment bank said credit card penetration in the U.S. still has room to run and that Visa’s U.S. volume growth can outpace inflation for another decade. Dollar Tree — The discount retailer added about 2% premarket Thursday after JPMorgan upgraded the stock to overweight from neutral one day after Dollar Tree tumbled more than 8% following its latest earnings report. Planet Labs — The satellite imagery provider jumped 20% after first-quarter earnings and revenue topped expectations and it achieved a positive quarter of free cash flow for the first time, coming in at $8 million. CyberArk Software — U.S.-listed shares of the Israeli information security company fell nearly 2% after it announced plans for a $750 million convertible notes offering. — CNBC’s Sarah Min, Jesse Pound, Michelle Fox and Scott Schnipper contributed reporting.
