Check out the companies making the biggest moves premarket: AstraZeneca — The pharma giant rose 3% after its experimental drug, tozorakimab, was found to meaningfully reduce flare-ups in cases of chronic obstructive pulmonary disease. The drug delivered the results in two late-stage trials, and the company said full results will be delivered at an upcoming medical meeting. Tripadvisor — The travel booking website gained 3% following an upgrade to buy from neutral at Bank of America, citing accelerating activist engagement and rising strategic optionality across the portfolio. Argan — The construction firm rallied more than 10.5% after reporting fourth-quarter earnings and revenue that exceeded expectations. Argan posted earnings of $3.47 on revenue of $262.1 million. Analysts polled by FactSet forecasted per-share earnings of $1.98 on revenue of $255.3 million. Unity Software — The platform for game developers surged more than 11% after Unity Software issued preliminary first-quarter adjusted EBITDA of $130 million to $135 million, higher than previous guidance of $105 million to $110 million. Newsmax — Shares of the conservative cable news network jumped 5% after posting fourth-quarter revenue and full-year sales guidance that came in stronger than expected. Quarterly revenue of $52.2 million exceeded the $44.0 million FactSet consensus estimate. It forecast revenue of $212 million to $216 million for the year ending December, more than the $206.1 million estimate. Crypto stocks — As Bitcoin prices fell another 3% on Friday, making their two-day fall total more than 6%, a slew of companies with exposure to the cryptocurrency fell with it. Strategy , a cryptocurrency treasury company, fell more than 2%. Robinhood and Coinbase , popular platforms where the digital currency is traded, fell over 2.5% and 3%, respectively. Memory stocks — Shares of the companies that were Wall Street’s favorite play to start 2026 again got hit on Friday. Micron fell 2%, not getting any relief after it closed on Thursday down 22% in just six trading sessions. Sandisk was off more than 3%, while Western Digital and Lam Research fell 2.3% and 1.5%, respectively. Energy stocks — Oil prices rose again on Friday, bringing energy names up with it. EOG Resources , Phillips 66 , Diamond Energy and Devon Energy were all up more than 1%, leading the S & P 500’s list of gainers. — CNBC’s Sarah Min and Michelle Fox contributed reporting.
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Sunday, May 17
