These are the stocks posting the largest moves in premarket trading, including Hertz's significant gains following Bill Ackman's investment, UnitedHealth's earnings miss, Eli Lilly's surge from positive drug trial results, and other notable market activities.
Hertz
Hertz shares soared nearly 16% in premarket trading, extending the gains seen previously. This surge follows a 56% increase after activist investor Bill Ackman’s Pershing Square revealed a sizable stake in Hertz, underscoring significant investor interest.
UnitedHealth
UnitedHealth’s stock declined more than 19% after its first-quarter results failed to meet analyst expectations. The insurer reported adjusted earnings of $7.20 per share on revenue of $109.58 billion, slightly below forecasted earnings per share of $7.29 and revenue of $111.60 billion. Additionally, UnitedHealth reduced its full-year guidance.
Eli Lilly
Eli Lilly's pharmaceutical stock surged 11% following positive phase-three trial results for a pill aimed at treating weight loss and diabetes. This outcome has boosted investor confidence in the company’s innovative drug pipeline.
Taiwan Semiconductor
Taiwan Semiconductor's U.S. shares gained over 3% as the company's first-quarter earnings exceeded Wall Street's expectations. The company maintained its 2025 revenue forecast and indicated no changes in customer behavior despite uncertainties related to potential tariff policies.
D.R. Horton
The homebuilder D.R. Horton saw its stock fall more than 3% amid weaker-than-expected second-quarter results. The company reported earnings of $2.58 per share, below the analyst estimate of $2.63, and revenue of $7.73 billion, missing the forecast of $8.03 billion.
Alcoa
Shares of Alcoa dropped over 2% after the company missed first-quarter revenue expectations with $3.37 billion reported compared to anticipated $3.53 billion. Despite this, Alcoa posted better-than-expected earnings.
