Asana, GameStop, Moderna, Revance, and More Stock Market Movers Thursday

This post was originally published on this site

Moderna shares were higher in premarket trading Thursday.

Ina Fassbender/AFP via Getty Images

Stock futures were higher Thursday as investors awaited a speech from Federal Reserve Chairman Jerome Powell as well as an expected interest-rate hike from the European Central Bank.

Futures for the  Dow Jones Industrial Average, the  S&P 500 and the tech stock-heavy  Nasdaq Composite  were all rising about 0.1%.

These are some of the stocks making moves in premarket trading Thursday.

Asana (ASAN) soared 23% early Thursday after the work-management platform raised its revenue forecast for the fiscal year. In addition, Chief Dustin Moskovitz purchased $350 million of shares in a private placement.

American Eagle Outfitters (AEO) fell 15% after the clothing retailer reported earnings for its second quarter that widely missed analysts’ expectations. CEO Jay Schottenstein said that “a tougher macro environment is impacting consumer spending behavior.”

Revance Therapeutics (RVNC) was climbing 15% after the biotech company announced that the Food and Drug Administration approved Daxxify for injection for the temporary improvement of moderate to severe frown lines.

GameStop (GME) jumped 10% after the game and entertainment retailer posted a narrower-than-expected adjusted loss for its fiscal second quarter.

First Solar (FSLR) was upgraded to Buy from Sell at Goldman Sachs. The stock was up 3.7%.

Moderna (MRNA) was rising 1.9% after an analyst from Deutsche Bank upgraded the rating of the medical company to Buy from Hold.

Satellite servicer Globalstar (GSAT) said that it will be the satellite operator for certain Apple’s (AAPL) satellite-enabled services. The stock was rising 1.5% Thursday.

Write to Angela Palumbo at angela.palumbo@dowjones.com