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Premarket Movers Thursday - Virgin Galactic, Cisco, L Brands

Stocks moving in premarket trading Thursday include Virgin Galactic, Kohl's , Cisco, L Brands and BJ's Wholesale.

Stock futures fell Thursday following three days of losses for the S&P 500 as investors assessed the Federal Reserve's somewhat surprising discussion on easing back bond purchases if the economy improves rapidly.

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

1. Virgin Galactic SPCE | Up 25%

Shares of Virgin Galactic  (SPCE) rose after the company said the next rocket-powered test flight of SpaceShipTwo Unity will be conducted May 22, pending weather and technical checks.

2. Cisco CSCO | Down 5.3%

Shares of Cisco  (CSCO)  fell even after the telecom-equipment giant reported stronger-than-expected fiscal-third-quarter revenue and earnings. Revenue rose 7% while total product orders rose 10% from the year-earlier quarter.

3. Kohl's KSS | Down 5.6%

Kohl's  (KSS)  shares fell even after the retailer on Thursday posted stronger-than-expected first-quarter earnings and boosted its full-year profit outlook. The retailer's turnaround plans were supported by government stimulus payments and a post-pandemic surge in consumer spending.

4. BJ's Wholesale BJ | Down 3.7%

Shares of BJ's Wholesale  (BJ)  dropped even as the warehouse retailer posted quarterly results that exceeded analysts' expectations. Comparable-store sales fell 5% and the company said the rest of 2021 remains difficult to forecast

5. L Brands LB | Down 1.4%

Shares of L Brands  (LB)  fell even after the parent of Bath & Body Works and Victoria's Secret posted better-than-expected quarterly earnings. The company also said it was aiming to complete its split into two separate companies in August.