The companies whose shares are moving in pre-market trade on Wednesday are: Jabil Circuit, Pultegroup, Cintas, Bristol Myers Squibb, Textron, Netflix, Bank of America and Adobe Systems.
Jabil Circuit Inc. (NYSE:JBL) shares surged 10.94 percent to $21.00 in pre-market trading session. The company reported second quarter net income of $55.4 million or $0.25 per share compared to $29.8 million or $0.14 per share in the same period a year-ago.
Pultegroup Inc. (NYSE:PHM) shares advanced 5.74 percent to $7.55 in pre-market trading session. Goldman Sachs added PHM to its conviction buy list and set a price target of $10.
Cintas Corp. (NASDAQ:CTAS) shares advanced 4.48 percent to $29.40 in pre-market trading session. The company stock was upgraded to “gradually accumulate” from “hold” at Soleil Securities. Soleil also increased CTAS price target from $31 to $35.
Bristol Myers Squibb Co. (NYSE:BMY) shares gained 2.7 percent to $27.00 in pre-market trading session.The stock has a 52 week low of $22.24 and 52 week high of $28.00 and has $44.67 billion market capitalization.
Textron Inc. (NYSE:TXT) shares advanced 2.39 percent to $27.00 in pre-market trading session. The stock has a 52 week low of $15.88 and 52 week high of $28.87 and has $7.28 billion market capitalization.
Netflix Inc. (NASDAQ:NFLX) shares advanced 1.18 percent to $224.00 in pre-market trading session. The company stock was upgraded to “outperform” rating from “neutral” rating at Credit Suisse on Tuesday.
Bank of America Corp. (NYSE:BAC) shares declined 1.73 percent to $13.64 in pre-market trading session. The stock has a 52 week low of $10.91 and 52 week high of $19.86 and has $140.48 billion market capitalization.
Adobe Systems Inc. (NASDAQ:ADBE) shares declined 1.16 percent to $32.50 in pre-market trading session as its second quarter earnings and revenue forecast fell short of expectations. It expects second quarter net income to be in the range of $0.47 to $0.54 per share on $970 million to $1.02 billion revenue, while analysts expect Adobe to earn $0.57 per share on revenue of $1.04 billion for the second quarter.