Stocks making the biggest moves premarket: AT&T, SpaceX, Moderna, Deckers, Bloom Energy and more
Check out the companies making headlines before the bell: Moderna – Shares are down 5.7% Friday morning after falling 25% on Thursday following a leak of partial data on its closely watched cancer vaccine developed with Merck . Both stocks faltered even though the full data which was released Thursday appeared meaningful for patients and positive relative to Wall Street expectations. Deckers – Shares of the shoemaker are down 6.7% after it reported fiscal second quarter earnings late Thursday that missed analyst expectations. Revenue for the quarter ended Sept. 30 was $1.43 billion compared to the $1.51 Wall Street was expecting. Revenue from top brands including HOKA and UGG missing FactSet expectations. Telecom stocks – Shares of AT & T dropped 4.2%, T-Mobile fell 4.3% while Verizon decreased 3.6% on a Bloomberg News report that SpaceX is in private talks to lease 80,000 cell towers. SpaceX is attempting to build the fourth nationwide wireless carrier by combining its Starlink direct-to-device network with ground infrastructure, Bloomberg reported, citing people familiar with discussions. Cell tower owners Crown Castle jumped 7.6% and American Tower popped 5.5%. Crown Castle is one of the companies involved in the talks, Bloomberg said. SpaceX — Shares of the Elon Musk space and AI company were also getting a boost from an upgrade on Wall Street. PhillipCapital double upgraded the shares to buy from sell, raising its price target all the way to $250 from $75, citing surprising gains for its AI business. The new price target represents a 70% gain from here. Bloom Energy – shares are down 2.5% after the energy technology solutions provider for data centers reported third quarter earnings late Thursday. Despite beating on the top and bottom line and raising its full-year 2026 earnings per share guidance, what stirred fear among investors was the reported negative free cash flow for the quarter. Comfort Systems – shares are down 3.6% despite delivering a top and bottom line beat for its third quarters earnings late Thursday. Margins for the heating, ventilation, and air conditioning provider came in below expectations. As an offset, the company’s third quarter backlog increased 90% year over year. Western Digital – Shares are moving 3.4% lower in the premarket Friday despite reporting strong earnings late Thursday. The data storage device provider a beat on the top lines while delivering a dividend increase. Management said fiscal 2027 is off to a good start, but there are broader investor concerns around the level of demand and AI-driven spending.
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