Stock futures traded higher Thursday as Wall Street weighed continued Federal Reserve support and awaited a batch of U.S. economic data.
Here are some of the top movers during premarket trading on Thursday:
1. Rite Aid | Down 15%
Ride Aid (RAD) dropped after the company forecast fiscal 2022 guidance below analysts' estimates.
The company said it now projects an adjusted loss between 79 cents and 24 cents A share on revenue between $25.1 billion and $25.5 billion.
Analysts expect earnings of 64 cents a share on revenue of $24.7 billion.
2. Marin Software | Up 59.1%
Marin Software (MRIN) surged after the company said its ad management platform now lets users manage Instacart ads, something that allows brands to connect with customers more directly at the point of sale.
Instacart is an online grocery platform that delivers groceries and other items from nearly 55,000 stores located in the U.S. and Canada.
3. Eli Lilly | Up 8.2%
Shares of Eli Lilly (LLY) climbed after the pharmaceutical giant said the Food and Drug Administration granted the company's Alzheimer’s treatment, donanemab, a breakthrough therapy designation, meant to expedite the development and review of medicines for serious or life-threatening conditions.
4. KB Home | Down 3.4%
Shares of KB Home (KBH) fell after the homebuilding company beat Wall Street's second-quarter earnings expectations but came up short on revenue.
The company posted earnings of $1.50 a share, beating analysts' estimates on $1.33.
Revenue totaled $1.44 billion, missing analysts' expectations of $1.48 billion.
5. Roku | Up 2.2%
Roku (ROKU) , along with ViacomCBS (VIACA) , was advancing after The Wall Street Journal reported that Comcast (CMCSA) CEO Brian Roberts has considered a transaction with ViacomCBS or an acquisition of Roku.
Comcast said the discussions were "pure speculation."