Skip to main content

Premarket Movers Wednesday - Target, Lucid, Lowe's

Stock futures wavered Wednesday as investors worried about rising inflation.

Stock futures were mixed Wednesday as investors expressed concern that solid consumer spending will continue to power inflation heading into the final months of the year.

Here are some of the top movers ahead of Wednesday's trading session.

1. Target TGT | Down 3.5%

Shares of Target  (TGT) - Get Free Report slipped  after the big-box retailer reported stronger-than-expected third-quarter earnings but noted profit-margin pressure linked to supply chain disruptions and labor costs. Target also lifted its full-year outlook for same-store sales.

2. Lucid Motors LCID | Up 5%

Shares of Lucid Motors  (LCID) - Get Free Report rose, pushing the luxury electric vehicle maker’s market value to near $90 billion and above legacy automaker Ford  (F) - Get Free Report. Analysts at Morgan Stanley cautioned that the stock could fall 70%

3. Biogen BIIB | Down 3.3%

Shares of drugmaker Biogen  (BIIB) - Get Free Report struggled after a European Medicines Agency panel voted against the marketing application for its Alzheimer's disease drug.

4. TJX TJX | Up 5.3%

Shares of TJX (TJX) - Get Free Report rose after the apparel and home fashion product maker reported better-than-expected fiscal-third-quarter earnings.

5. Lowe's LOW | Up 4.2%

Shares of Lowe's  (LOW) - Get Free Report rose almost 4% after the home improvement retailer reported third-quarter earnings that beat Wall Street estimates.

Lowe's posted earnings of $2.73 a share, above the Wall Street consensus of $2.35 a share.