Pre-Open Stock Movers 06/07: Target Slammed on Second Warning in 3 Weeks; Kohl's Gains on Exclusive Merger Talks (more...)

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Pre-Open Stock Movers 06/07: Target Slammed on Second Warning in 3 Weeks; Kohl's Gains on Exclusive Merger Talks (more...)

Pre-Open Stock Movers:

Helbiz, Inc. (Nasdaq: HLBZ) 15% HIGHER; announced that today Salvatore Palella, Founder and Chief Executive Officer of Helbiz, purchased 2,044,676 shares of Class A Common Stock (the Class A Common Stock) from a seller for an aggregate price of $2,019,935 which represents about 6% of the common stock.

GitLab Inc (GTLB) 10% HIGHER; reported Q1 EPS of ($0.18), $0.09 better than the analyst estimate of ($0.27). Revenue for the quarter came in at $87.4 million versus the consensus estimate of $77.8 million. GitLab Inc sees FY2023 EPS of ($0.93)-($0.89), versus the consensus of ($0.97). GitLab Inc sees FY2023 revenue of $398-402 million, versus the consensus of $390 million. GitLab Inc sees Q2 2023 EPS of ($0.24)-($0.23), versus the consensus of ($0.25). GitLab Inc sees Q2 2023 revenue of $93.5-94.5 million, versus the consensus of $89.7 million.

Kohls Corporation (KSS) 8% HIGHER; Franchise Group, Inc. (NASDAQ: FRG ) announced that it has entered into a three week exclusive negotiation period to acquire Kohls Corporation (KSS) for $60.00 per share in cash.

Target (NYSE: TGT ) 8% LOWER; now expects its second-quarter operating margin rate will be in a range of around 2%, versus the prior outlook of around 5.3%. Also, announced a set of actions to right-size its inventory for the balance of the year.

MicroStrategy Incorporated (NASDAQ: MSTR ) 6% LOWER; Bitcoin falls back below $30K

Coinbase Global , Inc. (NASDAQ: COIN ) 5% LOWER; Bitcoin falls back below $30K

Veru (NASDAQ: VERU ) 4% HIGHER; Tang Capital discloses 5.2% stake - 13G

Costco Wholesale Corporation (NASDAQ: COST ) 3% LOWER; falls on Target's warning.

Walmart Inc. (NYSE: WMT ) 3% LOWER; falls on Target's warning.

HealthEquity (HQY) 3% HIGHER; reported Q1 EPS of $0.27, $0.01 better than the analyst estimate of $0.26. Revenue for the quarter came in at $205.7 million versus the consensus estimate of $204 million. HealthEquity sees FY2022 EPS of $1.23-$1.32, versus the consensus of $1.27. HealthEquity sees FY2022 revenue of $827-837 million, versus the consensus of $826.2 million.

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