Micron, Southwest Airlines, Accenture rise premarket; CarMax, Sonos fall

Investing.com -- US stock futures traded higher Thursday, bouncing back after breaking a winning streak the previous session.

Here are some of the biggest premarket US stock movers today Micron (NASDAQ:MU ) stock rose 16% after the chipmaker unveiled current-quarter guidance that was far above analysts' expectations thanks to soaring demand for its memory chips used in artificial intelligence applications. Aramark (NYSE:ARMK ) stock rose 5.5% following a Bloomberg report that French rival Sodexo (EPA:EXHO ) was considering a takeover of the food catering firm. Concentrix (NASDAQ:CNXC ) stock fell 11% after the business process outsourcing company offered up weak quarterly earnings and guidance. HB Fuller (NYSE:FUL ) stock fell 10% after the adhesives manufacturer reported third quarter earnings that fell short of analyst expectations and lowered its full-year guidance. Accenture (NYSE:ACN ) stock rose 4.3% after the professional services company beat quarterly earnings and revenue expectations, even as it forecast annual revenue below Wall Street estimates. CarMax (NYSE:KMX ) stock fell 7% after the used-car retailer’s solid second-quarter sales were not enough to offset pressure on its car-loan business. Southwest Airlines (NYSE:LUV ) stock rose 4.7% after the carrier raised its revenue-per-capacity guidance for the current quarter and announced a new $2.5 billion stock repurchase program. GE HealthCare (NASDAQ:GEHC ) stock fell 1.6% after UBS downgraded its stance on the medical technology company to “sell” from “neutral”, saying its valuation is hard to justify given its lower growth outlook. Sonos (NASDAQ:SONO ) stock fell 6.3% after Morgan Stanley downgraded its stance on the audio equipment manufacturer to “underweight” from “overweight”, saying the impact of the company's app redesign is likely greater than the market currently perceives.

Source: Investing.com