Investing.com -- US stock futures steadied Tuesday after the previous session’s losses, with trading ranges limited ahead of the week’s key inflation release.
Here are some of the biggest premarket US stock movers today:
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Oracle (NYSE:ORCL) stock fell 6.5% after the cloud firm’s quarterly earnings missed lofty street estimates, amid increased competition in the sector.
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AutoZone (NYSE:AZO) stock fell 1.3% after the retailer of auto parts reported first-quarter earnings that missed market expectations.
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MongoDB (NASDAQ:MDB) stock fell 9% despite the software company raising its forecast for annual results, with Chief Financial Officer and Chief Operating Officer Michael Gordon stepping down from both roles at the end of the current fiscal year.
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C3.ai (NYSE:AI) stock fell 6.3% after the technology company’s quarterly earnings topped estimates on robust AI-fueled demand, but the path to sustainable free cash flow was delayed by 12 months.
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Eli Lilly (NYSE:LLY) stock added 1.4% after the drugmaker announced a new $15 billion share buyback and hiked its dividend.
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Alaska Air (NYSE:ALK) stock rose 11% after the carrier raised its fourth-quarter profit forecast, owing to robust travel demand and improved pricing.
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Micron Technology (NASDAQ:MU) stock rose 2.2% after the US Department of Commerce finalized a subsidy of more than $6.1 billion for the memory chip maker to support the construction of several domestic semiconductor facilities.
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Pinterest (NYSE:PINS) stock slipped 1.7% after Piper Sandler downgraded its rating on the image-sharing platform to "neutral" from "overweight", citing a competitive ad market.
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eBay (NASDAQ:EBAY) stock fell 2.6% as Jefferies lowered the e-commerce firm's rating to "underperform" from "hold", reflecting concerns over eBay's core marketplace profitability and its reliance on certain business segments for revenue.