Stocks Making the Biggest Premarket Moves: Micron, CarMax, GameStop and More

Check out the companies making headlines before the bell rings.

Micron — Shares of the chipmaker fell 3.4% Thursday before the bell on a weaker-than-expected earnings forecast. Micron estimates a fiscal first-quarter loss of $1.07 per share, on a non-GAAP basis, while analysts surveyed by LSEG expected a loss of 95 cents. For the fiscal fourth quarter, the company posted a smaller-than-expected loss as well as revenue that beat expectations.

Game stop – Meme stocks rose nearly 8% after the company called Billionaire activist investor Ryan Cohen as CEO of the company effective immediately. The move arrives three months after The previous CEO, Matthew Furlong, was fired.

Duolingo – Shares gained more than 2% in the previous market. USB coverage initiated from Duolingo on Wednesday with a buy rating, saying it’s a “best-in-class brand.”

maxcar – Shares fell nearly 12% as fiscal second-quarter earnings fell from a year earlier due to weakening demand for used cars. The company said it earned 75 cents a share on revenue of $7.07 billion. CarMax said it bought 14.9% fewer vehicles from consumers and dealers from a year earlier as the sharp market depreciation affected volume.

workday — The cloud services company fell more than 11% after it lowered its long-term subscription growth target to a range of 17% to 19%, compared with its previous target of 20%.

Platoon – Shares rose nearly 14% in premarket trading Thursday following Peloton and Lululemon. announced a five-year strategic partnership On Wednesday. Under the agreement, Peloton content will be available in Lululemon’s fitness app and Lululemon will, in turn, become Peloton’s primary activewear partner.

Digital Bridge — Shares of the digital infrastructure company rose 7.7% after JPMorgan. updated the company overweight from neutral. The firm said DigitalBridge has largely completed the transformation of its business.

Concentrix — Shares fell 5.1% after the company’s third-quarter earnings report missed the mark. Concentrix posted adjusted earnings of $2.71 per share and revenue of $1.63 billion. Analysts surveyed by FactSet had estimated Concentrix would earn $2.85 per share and revenue of $1.64 billion. The company’s fourth-quarter earnings forecast of between $3.03 and $3.15 per share also fell below analyst forecasts of $3.33 per share, according to FactSet.

— CNBC’s Sarah Min and Pia Singh contributed reporting.