Premarket Movers: Dick’s Sporting Goods Slumps on Weak Sales, AMD Jumps on Upgrade, Kura Oncology Surges on Insider Buying

Several major companies are making headlines in the premarket trading session:

Dick’s Sporting Goods — Shares plunged more than 12% after the sports equipment retailer reported a revenue disappointment, citing a “challenging” market for footwear. Dick’s posted sales of $5.59 billion, falling short of the $5.65 billion expected by analysts polled by LSEG.

Advanced Micro Devices — The chip stock gained 2% after Raymond James upgraded the semiconductor company to strong buy from outperform, setting a new $641 price target that implies 40% upside from Monday’s close. The analyst expects AMD will overtake Intel in the central processing unit market.

Semiconductors — Chip stocks rose as a group in the premarket, with Intel advancing more than 3%. Nvidia also rose nearly 1%. The VanEck Semiconductor ETF (SMH) climbed more than 1%.

Kura Oncology — The biotech stock climbed 11% after CEO Troy Wilson disclosed buying 100,000 shares of common stock in a regulatory filing.

Navitas Semiconductor — Shares jumped about 5% after Navitas Semiconductor announced it will acquire power management solutions company Claros in a deal valued at $232.8 million in cash and shares.

United Airlines — The airline stock gained 2.9% after United Airlines said its 2027 flights will span from Sardinia to Okinawa.

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