Today's Pre-Market Stock Movers: HPQ, SNAP, CHWY, BBBY and More

• $ChargePoint (CHPT.US)$ +2.8%, $Designer Brands (DBI.US)$ +1.8%, $Donaldson (DCI.US)$ +0.7%

• $Cepton (CPTN.US)$ +9.2% (receives non-bindingLolfor a $100mln investment from Koito Manufacturing)

• $Sorrento Therapeutics (SRNE.US)$ +7.2% (receives FDA Fast Track Designation for SP-103(Lidocaine Topical System) 5.4%)

• $Mereo BioPharma (MREO.US)$ +6.7% (sends letter to Rubric Capital Management; Letter reiterates Mereo's updated strategic plan to maximize value for all share holders and corrects Rubric's assumptions; Announces further extension of cash runway into Q2 2025)

• $CACI International (CACI.US)$ +4.3% (awarded $5.7bln US Air Force blanket purchase agreement)

• $Lightning eMotors (ZEV.US)$ +3.2% (enters into purchase agreement forupto $50mln with Lincoln Park Capital)

• $Netflix (NFLX.US)$ +1.8% (NFLX names two SNAP execs to lead its ads business according to AdAge)

• $DigitalBridge Group (DBRG.US)$ +1.7% (DBRG and EQIX in final round of talks for data center business of Malaysia's Time Dotcom unit according to Bloomberg)

• $JELD-WEN Holding (JELD.US)$ +1.5% (initiates strategic review for its Australasia business)

• $SAP SE (SAP.US)$ +1.2% (names Dominik Asam as new CFO)

• $BioCryst Pharmaceuticals (BCRX.US)$ +1.2% (FDA grants orphan drug designation for BCX9250 for the treatment of fibrodysplasia ossificans progressiva)

• $Privia Health (PRVA.US)$ +1% (its ACOs achieved shared savings of $99.9mln through Medicare Shared Savings Program)

• $PayPal (PYPL.US)$ +2.4% (upgraded to Buy from Neutral at BofA Securities)

• $ASML Holding (ASML.US)$ +1.2% (upgraded to Buy from Neutral at UBS)

• $Chewy (CHWY.US)$ -11.3%, $Ambarella (AMBA.US)$ -8.2%, $HP Inc (HPQ.US)$ -6.8%, $PVH Corp (PVH.US)$ -6.6% (also to reduce people costs in global offices by -10%)

• $Bed Bath & Beyond Inc (BBBY.US)$ -25.1% (sees Q2 revs below consensus; provides outlook and update on strategic changes to strengthen its financial positioning and drive growth; files common stock offering for an undisclosed amount)

• $Express (EXPR.US)$ -4.7% (The apparel retailer’s shares slid 4.7% in premarket trading after its quarterly revenue missed estimates and it cut its full-year guidance. Express noted challenging economic conditions that worsened as the quarter progressed.)

• $Oscar Health (OSCR.US)$ -3.1% (Health First to terminate services agreement)

• $EyePoint Pharmaceuticals (EYPT.US)$ -1.9% (receives subpoena from US Atty relating to DEXYCU)

• $Alpha & Omega Semiconductor (AOSL.US)$ -1.9% (to delay form 10-K)

• $Balchem (BCPC.US)$ -1.7% (acquires acquires Cardinal Associates operating as Bergstrom Nutrition)

$Redwood Trust Inc (RWT.US)$ -1.7% (downgraded to Neutral from Buy at BTIG Research)