Premarket movers
Magnificent Seven: Alphabet (GOOGL) -0.7%, Amazon (AMZN) -0.9%, Apple (AAPL) unchanged, Microsoft (MSFT) -0.6%, Tesla (TSLA) -1%, Nvidia (NVDA) -1.1%, Meta Platforms (META) -2%
Darden (DRI) falls 5% after the restaurant-chain operator posted first quarter sales that disappointed.
Dropbox (DBX) declines 5% after Citi downgraded the file management software company to sell, writing that recent optimism about its AI strategy “derives too much success too early.”
Etsy Inc. (ETSY) slips 2% after Arete downgraded the online retail platform to neutral, citing concerns over its valuation and growth sustainability.
Everpure (P) jumps 7% after the data-storage company forecast revenue for 2028 that exceeded the average analyst estimate.
MGM Resorts International (MGM) is down 9% after Barry Diller’s People Inc. dropped plans to acquire the rest of the casino giant.
Stitch Fix (SFIX) falls 19% after the online personal styling platform forecast a much weaker full-year 2027 Ebitda that analysts expected.
Viking Therapeutics (VKTX), which had surged 36% Tuesday on experimental weight-loss drug results, is down 12% after offering $200 million in common shares and another $200 million in convertible notes to help fund clinical development.