Check out the companies that make headlines in pre-market transactions. UnitedHealth – Stocks fell 7% on the stock market on Tuesday after the company announced it was suspending its 2025 outlook due to higher than expected health costs. UnitedHealth also announced that CEO Andrew Witty is immediately halting for personal reasons. Stephen Hemsley is resourceful as CEO. Rigetti Computing – Stock fell 11.4% after Quarter revenue fell $1.5 million against first-quarter revenues below $2.6 million from analysts voted by Factset. Coinbase – Stocks rose 9.2% following the announcement that the Crypto trading platform would join the S&P 500 before trading on May 19th. Coinbase replaces Discover Financial Services. Hertz Global Holdings – Car rental stocks sank nearly 9% after quarter results worse than expected. Hertz reported an adjusted loss of $1.12 per share with revenue of $1.810 billion. Analysts surveyed by LSEG were looking for a loss of 97 cents per share and revenue of $2 billion. The company said it had $1.2 billion in liquidity at the end of March. Simon Property Group – Real Estate Investment Trust slipped 2% despite exceeding expectations of first quarter revenue. Simon saw $1.37 billion, while analysts projected $1.36 billion per LSEG. Under Armour – Athletic Goods and Apparel Company stock added 2.2% after its fourth-quarter earnings forecast, raising its first-quarter adjusted earnings guidance per share. SEA Limited – Consumer Internet inventory surged 14.1% after adjusting for first quarter EBITDA and surpassing forecasts. Sea recorded $946.5 million, beating the Factset Consensus $710 million. The company reported revenue of $4.84 billion, losing Wall Street’s forecast of $4.9 billion. Boeing – Shares rose 1.5% following Bloomberg’s report that China has lifted its Boeing delivery ban. This week, domestic airlines and government agencies reportedly could resume delivery, the report said it cited people familiar with the issue. Valero Energy – Oil Refiner’s shares rose 1% on the heels of Goldman Sachs upgrades to buy from Neutral. Goldman said Valero could benefit from the improved background and more attractive supply and demand trends. CALUMET – Special product producers jumped 2.2% following the launch of Bank of America with buy ratings. The bank said Calumet’s shares could be seen upside down quite a bit through the growth of its biofuel business. – Reports from CNBC’s Pia Singh, Jesse Pound and Fred Imbert
Stocks that make the biggest moves before the bell: UNH, RGTI, Coin, HTZ
