Premarket Movers Friday - Broadcom, Marathon Oil, Tesla, Vroom

Stocks moving in premarket trading Friday include Tyler Tech, Broadcom, Vroom and Tesla.
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Stock futures rose Friday as Wall Street awaited the monthly U.S. jobs report.

Here are some of the top movers during premarket trading on Friday.

1. Tyler Technologies TYL | Up 12%

Shares of Tyler Technologies  (TYL) - Get Report advanced early Friday after the software provider said it will privately offer $525 million in convertible debt to qualified institutional investors. 

Tyler said it will use $516.6 million of net proceeds to fund a portion of its previously announced acquisition of digital government services company NIC for $2.3 billion.

2. Broadcom AVGO | Down 0.81%

Shares of Broadcom  (AVGO) - Get Report fell in premarket trading Friday, a day after the company said sales at its main chip division missed Wall Street estimates.

Fiscal first-quarter sales in Broadcom's semiconductor solutions division were up 74% to $4.91 billion, but below forecasts of $4.93 billion.

The San Jose, Calif.-based company reported quarterly earnings of $6.61 a share on revenue that rose 14% year over year to $6.66 billion. Analysts were expecting earnings of $6.56 a share on revenue of $6.62 billion. 

3. Marathon Oil MRO | Up 4.5%

Shares of Marathon Oil  (MRO) - Get Report rose early Friday after oil prices extended gains from Thursday. 

Oil prices rose Friday after members of the OPEC+ alliance agreed to leave crude production unchanged.

4. Vroom VRM | Down 2.7%

Shares of Vroom  (VRM) - Get Report dropped for a second day Friday after the online used-car seller posted a wider-than-expected fourth-quarter loss, sparking price target downgrades by Wall Street analysts.

5. Costco COST | Down 1.67%

Shares of Costco  (COST) - Get Report fell in early trading on Friday after the wholesale retailer's earnings missed analysts' forecasts on costs related to higher wages workers received during the COVID-19 pandemic.

Earnings in Costco's fiscal second-quarter rose from a year earlier to $951 million, or $2.14 a share. But the period included pretax charges of $246 million, or 41 cents a share, related to what Costco called "premium" pandemic wages.

6. Tesla TSLA | Down 1.15%

Shares of Tesla  (TSLA) - Get Report traded lower again Friday, potentially extending a move that has loped nearly $250 billion in value from the clean energy carmaker triggered by rising interest rates and the ongoing correction in bitcoin.