Stock futures edged lower Thursday ahead of jobless-claims data.
Here are some of the top movers during premarket trading on Thursday.
1. Nike NKE | Down 5%
Shares of Nike (NKE) - Get NIKE, Inc. (NKE) Report slumped after the world's biggest sports apparel group was criticized by China's Foreign Ministry for a statement it made about the country's treatment of Uighur Muslims.
Nike said it was “concerned” about reports of forced labor in Xinjiang's Uighur Autonomous Region.
2. Rite Aid RAD | Down 13%
Shares of RiteAid (RAD) - Get Rite Aid Corporation Report fell after the drugstore chain lowered guidance for fiscal 2021, blaming a "soft" cough, cold, and flu season.
Same-store sales fell about 5.6% in Rite Aid's fiscal fourth quarter, related mostly to a decline of nearly 37% percent in cough, cold and flu-related categories.
The company expects to report adjusted earnings before interest, taxes, depreciation, and amortization of $425 million to $435 million for the fiscal year ended Feb. 27, lower than the previously estimated Ebitda of $490 million to $520 million.
3. Lumentum Holdings LITE | Up 6.3%
Shares of Lumentum Holdings (LITE) - Get Lumentum Holdings, Inc. Report rose after Coherent (COHR) - Get Coherent, Inc. Report agreed to a takeover proposal by optical-components maker II-VI, (iiVI) ending a bidding war between Lumentum and II-VI.
4. RH RH | Up 4.5%
Shares of RH (RH) - Get RH (Restoration Hardware) Report rose after the home-furnishings retailer after the closing bell on Wednesday posted better-than-expected results for its fiscal fourth quarter and forecast first-quarter-revenue growth of at least 50%.
5. GrowGeneration GRWG | Down 1.8%
Shares of GrowGeneration (GRWG) - Get GrowGeneration Corp. Report were lower even after the hydroponic and organic gardening store retailer posted better-than-expected revenue numbers for the full year.
GrowGeneration reported sales of $193.4 million for the full year, more than double (up 143%) the $79.7 million of the year earlier and above analysts’ forecasts of $192.5 million.
Same-store sales rose 63%, while e-commerce sales more than doubled (up 123%), the company said.