Vail Resorts (NYSE:MTN) Stock, Quote.Headers.trade-ideas

Vail Resorts

Vail Resorts Inc Bhd is a resorts and casinos company that operates mountain resorts and ski areas. The company has three business segments that include Mountain, Lodging, and Real Estate. The Mountain segment operates numerous ski resort properties that offer a variety of winter and summer activities, such as skiing, snowboarding, snowshoeing, hiking, and mountain biking. The Lodging segment owns and operates hotels and condominiums. The Real Estate segment owns, develops, and leases real estate, typically near its other properties. The company generates the vast majority of its revenue within the United States.

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Vail Resorts, Inc. (NYSE: MTN) shares are trading lower Friday afternoon after the company reported weaker-than-expected third-quarter financial results and revised its full-year 2024 guidance downward.

Why Are Vail Resorts Shares Down 12.2% Friday

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Wall Street returned to reclaim record highs on Friday after a stronger-than-expected jobs report.

Stocks Reclaim Record Highs As Jobs Data Fuels Growth Optimism; Gold, Bonds Tumble As Yields Rise: What&#39;s Driving Markets Friday?

Vail Resorts Inc

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Stifel analyst Jeffrey Stantial reiterates Vail Resorts (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTN#NYSE">MTN</a>) with a Buy and lowers the price target from $259 to $223.

Reiteration

Stifel Reiterates Buy on Vail Resorts, Lowers Price Target to $223

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page.</a>
<ul>
<li>TD Cowen cut the price target for Domino&#8217;s Pizza, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DPZ#NYSE">DPZ</a>) from $520 to $475. TD Cowen analyst Andrew Charles maintained a Buy rating. Domino&#8217;s shares fell 0.5% to close at $402.52 on Friday. <a href="https://www.benzinga.com/quote/DPZ/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Keybanc raised the price target for Spotify Technology S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>) from $420 to $440. Keybanc analyst Justin Patterson maintained an Overweight rating. Spotify shares rose 0.1% to close at $337.90 on Friday. <a href="https://www.benzinga.com/quote/SPOT/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Wedbush boosted Wingstop Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WING#NASDAQ">WING</a>) price target from $425 to $440. Wedbush analyst Nick Setyan maintained an Outperform rating. Wingstop shares fell 0.2% to close at $394.81 on Friday. See how other analysts view this stock.</li>
<li>Evercore ISI Group cut Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) price target from $225 to $200. Evercore ISI Group analyst Mark Mahaney maintained an Outperform rating. Alphabet shares rose 1.8% to close at $157.46 on Friday.<a href="https://www.benzinga.com/quote/GOOGL/analyst-ratings"> See how other analysts view this stock.</a></li>
<li>HC Wainwright &amp; Co. raised the price target for Summit Therapeutics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMMT#NASDAQ">SMMT</a>) from $30 to $45. HC Wainwright &amp; Co. analyst Mitchell Kapoor maintained a Buy rating. Summit Therapeutics gained 16.5% to close at $31.93 on Friday. <a href="https://www.benzinga.com/quote/SMMT/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Deutsche Bank slashed Vail Resorts, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTN#NYSE">MTN</a>) price target from $218 to $194. Deutsche Bank analyst Chris Woronka maintained a Hold rating. Vail Resorts shares rose 1% to close at $180.00 on Friday. <a href="https://www.benzinga.com/quote/MTN/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Keefe, Bruyette &amp; Woods cut Ally Financial Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALLY#NYSE">ALLY</a>) price target from $50 to $44. Keefe, Bruyette &amp; Woods analyst Sanjay Sakhrani maintained an Outperform rating. Ally Financial shares rose 0.4% to close at $32.97 on Friday. <a href="https://www.benzinga.com/quote/ALLY/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Morgan Stanley increased the price target for ONEOK, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OKE#NYSE">OKE</a>) from $103 to $111. Morgan Stanley analyst Robert Kad upgraded the stock from Equal-Weight to Overweight. ONEOK shares rose 1% to close at $91.37 on Friday. <a href="https://www.benzinga.com/quote/OKE/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Piper Sandler slashed e.l.f. Beauty, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELF#NYSE">ELF</a>) price target from $260 to $162. Piper Sandler analyst Korinne Wolfmeyer maintained an Overweight rating. e.l.f. Beauty shares rose 1.7% to close at $116.63 on Monday. <a href="https://www.benzinga.com/quote/ELF/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Loop Capital raised RH (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RH#NYSE">RH</a>) price target from $230 to $320. Loop Capital analyst Anthony Chukumba maintained a Hold rating. RH shares rose 25.5% to close at $321.87 on Friday. <a href="https://www.benzinga.com/quote/RH/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying GOOGL stock? Here&#8217;s what analysts think:
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="512" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/16083502/image-120-1024x512.png" alt="" class="wp-image-549511" style="width:518px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/16083502/image-120-1024x512.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/16083502/image-120-300x150.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/16083502/image-120-768x384.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/16083502/image-120.png 1333w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read More: 
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<li><a href="https://www.benzinga.com/markets/24/09/40860420/jim-cramer-hold-on-to-builders-firstsource-heres-the-problem-with-viking-therapeutics">Jim Cramer: &#8216;Hold On&#8217; To Builders FirstSource, &#8216;Here&#8217;s The Problem&#8217; With Viking Therapeutics</a></li>
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Deutsche Bank analyst Chris Woronka maintains Vail Resorts (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTN#NYSE">MTN</a>) with a Hold and lowers the price target from $218 to $194.

Deutsche Bank Maintains Hold on Vail Resorts, Lowers Price Target to $194

Vail Resorts (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTN#NYSE">MTN</a>) has outperformed the market over the past 20 years by 3.27% on an annualized basis producing an average annual return of 11.74%. Currently, Vail Resorts has a market capitalization of $6.53 billion. 
Buying $1000 In MTN: If an investor had bought $1000 of MTN stock 20 years ago, it would be worth $9,071.24 today based on a price of $173.44 for MTN at the time of writing.
<h3>Vail Resorts's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1720641766_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much You Would Have Made Owning Vail Resorts Stock In The Last 20 Years

In the current market session, Vail Resorts Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTN#NYSE">MTN</a>) price is at $183.09, after a 1.04% spike. However, over the past month, the stock decreased by 9.85%, and in the past year, by 27.89%. Shareholders might be interested in knowing whether the stock is undervalued, even if the company is performing up to par in the current session. 

<img src="https://www.benzinga.com/files/images/story/2024/1718197207_0.png" alt="Past Year Chart" />

<h3>Vail Resorts P/E Compared to Competitors</h3>
The P/E ratio measures the current share price to the company's EPS. It is used by long-term investors to analyze the company's current performance against it's past earnings, historical data and aggregate market data for the industry or the indices, such as S&amp;P 500. A higher P/E indicates that investors expect the company to perform better in the future, and the stock is probably overvalued, but not necessarily. It also could indicate that investors are willing to pay a higher share price currently, because they expect the company to perform better in the upcoming quarters. This leads investors to also remain optimistic about rising dividends in the future. 
Vail Resorts has a lower P/E than the aggregate P/E of 29.02 of the Hotels, Restaurants &amp; Leisure industry. Ideally, one might believe that the stock might perform worse than its peers, but it's also probable that the stock is undervalued. 

<img src="https://www.benzinga.com/files/images/story/2024/1718197208_1.png" alt="Guage" />

In conclusion, the price-to-earnings ratio is a useful metric for analyzing a company's market performance, but it has its limitations. While a lower P/E can indicate that a company is undervalued, it can also suggest that shareholders do not expect future growth. Additionally, the P/E ratio should not be used in isolation, as other factors such as industry trends and business cycles can also impact a company's stock price. Therefore, investors should use the P/E ratio in conjunction with other financial metrics and qualitative analysis to make informed investment decisions.

Intraday Update

Price Over Earnings Overview: Vail Resorts

On June 10, Angela A Korch, EVP &amp; Chief Financial Officer at Vail Resorts (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTN#NYSE">MTN</a>) executed a significant insider buy, as disclosed in the latest SEC filing.
What Happened: Korch demonstrated confidence in Vail Resorts by purchasing 575 shares, as reported in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000812011/000081201124000064//Archives/edgar/data/812011/000081201124000064/0000812011-24-000064-index.htm">U.S. Securities and Exchange Commission</a> on Monday. The total value of the transaction is $101,315.
During Tuesday's morning session, Vail Resorts shares up by 0.18%, currently priced at $180.49.
<h3>About Vail Resorts</h3>
Vail Resorts Inc Bhd is a resorts and casinos company that operates mountain resorts and ski areas. The company has three business segments that include Mountain, Lodging, and Real Estate. The Mountain segment operates numerous ski resort properties that offer a variety of winter and summer activities, such as skiing, snowboarding, snowshoeing, hiking, and mountain biking. The Lodging segment owns and operates hotels and condominiums. The Real Estate segment owns, develops, and leases real estate, typically near its other properties. The company generates the vast majority of its revenue within the United States.
<h3>Vail Resorts's Financial Performance</h3>
Revenue Growth: Vail Resorts displayed positive results in 3 months. As of 30 April, 2024, the company achieved a solid revenue growth rate of approximately 3.62%. This indicates a notable increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Consumer Discretionary sector.
Key Insights into Profitability Metrics:
<ul>
<li>
Gross Margin: The company shows a low gross margin of 58.16%, indicating concerns regarding cost management and overall profitability relative to its industry counterparts.
</li>
<li>
Earnings per Share (EPS): The company excels with an EPS that surpasses the industry average. With a current EPS of 9.57, Vail Resorts showcases strong earnings per share.
</li>
</ul>
Debt Management: With a below-average debt-to-equity ratio of 2.95, Vail Resorts adopts a prudent financial strategy, indicating a balanced approach to debt management.
Valuation Metrics: A Closer Look
<ul>
<li>
Price to Earnings (P/E) Ratio: The current P/E ratio of 23.93 is below industry norms, indicating potential undervaluation and presenting an investment opportunity.
</li>
<li>
Price to Sales (P/S) Ratio: With a relatively high Price to Sales ratio of 2.38 as compared to the industry average, the stock might be considered overvalued based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): With an EV/EBITDA ratio lower than industry benchmarks at 10.98, Vail Resorts presents an attractive value opportunity.
</li>
</ul>
Market Capitalization Analysis: With an elevated market capitalization, the company stands out above industry averages, showcasing substantial size and market acknowledgment.
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<h3>Why Insider Transactions Are Key in Investment Decisions</h3>
It's important to note that insider transactions alone should not dictate investment decisions, but they can provide valuable insights.
In the context of legal matters, the term "insider" refers to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as outlined by Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and significant hedge funds. Such insiders are obligated to report their transactions through a Form 4 filing, which must be completed within two business days of the transaction.
Pointing towards optimism, a company insider's new purchase signals their positive anticipation for the stock to rise.
Despite insider sells not always signaling a bearish sentiment, they can be driven by various factors.
<h3>Breaking Down the Significance of Transaction Codes</h3>
For <a href="https://www.benzinga.com/money/investing-tools">investors</a>, a primary focus lies on transactions occurring in the open market, as indicated in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000812011">Check Out The Full List Of Vail Resorts's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Vail Resorts Insider Trades SendAa Signal

Vail Resorts, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTN#NYSE">MTN</a>) shares are trading lower Friday afternoon after the company reported weaker-than-expected third-quarter financial results and <a href="https://www.benzinga.com/news/earnings/24/06/39216757/vail-resorts-stock-slides-on-q3-earnings-what-you-need-to-know">revised its full-year 2024 guidance downward.</a>
What To Know: The company posted quarterly earnings of $9.54 per share, missing market estimates of $10.03 per share. The company's sales came in at $1.28 billion, below the expected $1.30 billion.
As a result of disappointing spring visitation and lowered expectations for its Australian resorts, Vail Resorts reduced its forward guidance for full-year 2024. The company now anticipates Resort Reported EBITDA to be between $833 million and $851 million and net income attributable to Vail Resorts to be between $224 million and $256 million.
Related Link: <a href="https://www.benzinga.com/news/earnings/24/06/39216757/vail-resorts-stock-slides-on-q3-earnings-what-you-need-to-know">Vail Resorts Stock Slides On Q3 Earnings: What You Need To Know</a>
Analyst Changes: Following the earnings report, several analysts adjusted their price targets for Vail Resorts:
<ul>
<li>JP Morgan: Downgraded the stock from Neutral to Underweight and reduced the price target from $217 to $176.</li>
<li>Morgan Stanley: Maintained an Equal-Weight rating and lowered the price target from $229 to $179.</li>
</ul>
Related Link: <a href="https://www.benzinga.com/news/earnings/24/06/39226073/these-analysts-slash-their-forecasts-on-vail-resorts-after-weak-q3-results">These Analysts Slash Their Forecasts On Vail Resorts After Weak Q3 Results</a>
Vail Price Action: Vail Resorts shares were down by 12.2% at $170.96 at the time of writing, according to Benzinga Pro.
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="536" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/07131634/MTN-1024x536.png" alt="" class="wp-image-377465" style="width:654px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/07131634/MTN-1024x536.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/07131634/MTN-300x157.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/07131634/MTN-768x402.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/07131634/MTN.png 1405w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
See Also: <a href="https://www.benzinga.com/news/24/06/39225632/vail-resorts-posts-downbeat-q3-results-joins-concrete-pumping-docusign-and-other-big-stocks-moving-l">Vail Resorts Posts Downbeat Q3 Results, Joins Concrete Pumping, DocuSign And Other Big Stocks Moving Lower In Friday&#8217;s Pre-Market Session</a>
Image: Courtesy of Vail resorts Inc.

Wall Street returned to reclaim record highs on Friday after a <a href="https://www.benzinga.com/news/large-cap/24/06/39225961/job-market-booms-in-may-payrolls-surge-more-than-expected-wages-increase">stronger-than-expected jobs report.</a>
In May, the increase in non-farm payrolls rose by 272,000 units, a jump from 165,000 and significantly higher than the economists&#8217; consensus of 180,000. Hourly wages also surprised on the upside (4.1% year-on-year versus 3.9%), while unemployment came in slightly higher than expected (4% vs. 3.9%).
The hotter-than-expected labor market data sparked a reassessment in rate-cut hopes, with traders closing the door on a July cut, lowering bets on September and currently expecting only one <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/06/39230693/blowout-may-jobs-data-closes-the-door-on-a-july-rate-cut-6-economists-make-best-gue">cut by year-end.</a>
The move in rate expectations triggered sharp increases in bond yields, with Treasuries witnessing about a 10-basis-point rise in yields across maturities. This lead to sharp drops in fixed-income markets, with the iShares 20+ Year Treasury Bond ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLT#NASDAQ">TLT</a>) down 1.8%.
Investors opted to look at the brighter side of the jobs report, as a stronger job market means a resilient economy, pushing back fears of a slowdown and thus reigniting the risk-assets rally. 
Both the S&amp;P 500 and the Nasdaq 100 index reached fresh all-time highs during the session. Blue chips were flat, while small caps tumbled 0.8%.
The U.S. dollar index (DXY), as tracked by the Invesco DB USD Index Bullish Fund ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UUP#NYSE">UUP</a>), rallied 0.8%, eyeing its strongest session since late April.
The rising greenback generated heavy bearish pressure on commodities, with gold down 2.6% and silver plummeting nearly 6% on its worst day since February 2021. Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) was flat at $70,880.
<h1 class="wp-block-heading">Friday&#8217;s Performance On Major US Indices, ETFs</h1>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day %chg</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>19,083.89</td>
<td>0.3%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,368.01</td>
<td>0.3%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>38,934.67</td>
<td>0.1%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,032.91</td>
<td>-0.8%</td>
</tr>
</tbody>
</table>
</figure>
According to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>)&nbsp;was 0.3% higher to $536.27.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;was 0.2% up to $390.22.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust&nbsp;(ARCA: <a href="https://www.benzinga.com/quote/qqq" target="_blank" rel="noreferrer noopener"></a><a href="https://www.benzinga.com/quote/qqq" target="_blank" rel="noreferrer noopener"></a>QQQ) rose 0.4% to $465.35.</li>
<li>Sector-wise, the&nbsp;Financials Staples Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>)&nbsp;outperformed, up by 0.8%, while the&nbsp;Materials Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLB#NYSE">XLB</a>) lagged, down 0.8%.</li>
</ul>
<h1 class="wp-block-heading">Friday&#8217;s Stock Movers</h1>
<ul>
<li>GameStop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) plummeted over 30% after missing quarterly results. The meme stock failed to rally minutes after Keith Gill — alias the &#8220;Roaring Kitty&#8221; — started his YouTube livestream.</li>
<li>AMC Entertainment Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMC#NYSE">AMC</a>) fell nearly 15%. </li>
<li>Mining-related stocks fell heavily with Newmont Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>), Agnico Eagle Mines Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AEM#NYSE">AEM</a>) and Freeport-McMoRan Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>) tumbling 5%, 6.9% and 4.5%, respectively.</li>
<li>Stocks reacting to earnings included Vail Resorts Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTN#NYSE">MTN</a>), down 12%, Samsara Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IOT#NYSE">IOT</a>), down 13%, DocuSign Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DOCU#NASDAQ">DOCU</a>), down 5% and Braze Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BRZE#NASDAQ">BRZE</a>) up 2%.</li>
</ul>
Read Now: <a href="https://www.benzinga.com/markets/equities/24/06/39231962/roaring-kitty-draws-600k-live-viewers-in-youtube-return-im-alive">Roaring Kitty Draws 600K Live Viewers In YouTube Return: &#8216;I&#8217;m Alive!&#8217; (UPDATED)</a>
Photo: Shutterstock

Stocks Reclaim Record Highs As Jobs Data Fuels Growth Optimism; Gold, Bonds Tumble As Yields Rise: What's Driving Markets Friday?

Barclays analyst Brandt Montour maintains Vail Resorts (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTN#NYSE">MTN</a>) with a Underweight and lowers the price target from $201 to $161.

Barclays Maintains Underweight on Vail Resorts, Lowers Price Target to $161

Shares of GameStop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) fell sharply during Friday's session after the company released worse-than-expected first-quarter results before schedule and filed to <a href="https://www.benzinga.com/news/earnings/24/06/39224137/gamestop-releases-q1-results-ahead-of-roaring-kitty-event-files-prospectus-to-raise-capital-via-equ">sell up to 75 million shares</a>.
GameStop released its first-quarter 2024 results early Friday ahead of its scheduled June 11 date. The company reported net sales of $881.8 million, down from $1.237 billion year-over-year. The net sales total missed a consensus estimate of $995.3 million. The company reported a loss of 12 cents per share, missing the estimate of a loss of 9 cents per share, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
GameStop shares dipped 22.5% to $36.07 on Friday.
Here are some other stocks moving in today&#8217;s mid-day session.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Trinity Place Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TPHS#NYSE">TPHS</a>) jumped 165.4% to $0.3220 after declining around 11% on Thursday.</li>
<li>Leafly Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LFLY#NASDAQ">LFLY</a>) shares gained 91.6% to $3.87.</li>
<li>Venus Concept Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VERO#NASDAQ">VERO</a>) shares jumped 87.5% to $1.1606 on continued upward momentum after the stock regained Nasdaq compliance.</li>
<li>Asensus Surgical, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASXC#NASDAQ">ASXC</a>) climbed 40.1% to $0.3291 after the company announced it will be acquired by KARL STORZ for $0.35 per share in cash.</li>
<li>Faraday Future Intelligent Electric Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FFIE#NASDAQ">FFIE</a>) gained 29.3% to $0.7032.</li>
<li>Geron Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GERN#NASDAQ">GERN</a>) shares jumped 26% to $4.90 as the company reported the FDA approval of RYTELO&#x2122; (imetelstat), a first-in-class telomerase inhibitor, for the treatment of adult patients with lower-risk MDS with transfusion-dependent anemia.</li>
<li>China Liberal Education Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLEU#NASDAQ">CLEU</a>) gained 23.4% to $2.4899.</li>
<li>American Oncology Network, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AONC#NASDAQ">AONC</a>) gained 22.6% to $2.0850. American Oncology Network recently announced the opening of Low Country Radiation in Waycross, Georgia.</li>
<li>MAIA Biotechnology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAIA#NASDAQ">MAIA</a>) rose 21.2% to $4.0249. The company unveiled compelling efficacy data from its Phase 2 THIO-101 clinical trial.</li>
<li>ChromaDex Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDXC#NASDAQ">CDXC</a>) gained 19.2% to $3.41 after the company received exclusive FDA Orphan Drug Designation and Rare Pediatric Disease Designation for Nicotinamide Riboside Chloride in the treatment of Ataxia Telangiectasia.</li>
<li>SunPower Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPWR#NASDAQ">SPWR</a>) rose 18.8% to $4.11.</li>
<li>Oddity Tech Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ODD#NASDAQ">ODD</a>) gained 18.3% to $43.49 after the company approved a share buyback and raised its Q2 guidance.</li>
<li>Universe Pharmaceuticals INC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UPC#NASDAQ">UPC</a>) jumped 14.3% to $2.64</li>
<li>Presto Automation Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRST#NASDAQ">PRST</a>) rose 14.1% to $0.0866 after declining 27% on Thursday.</li>
<li>Yext, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YEXT#NYSE">YEXT</a>) gained 14.7% to $5.42. Yext is said to hire investment bankers to explore strategic alternatives, including a sale, Reuters reported.</li>
<li>Argan, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGX#NYSE">AGX</a>) jumped 11.1% to $76.78 after the company reported better-than-expected first-quarter financial results.</li>
<li>Planet Labs PBC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PL#NYSE">PL</a>) gained 9.6% to $1.9950 following better-than-expected quarterly earnings.</li>
<li>Braze, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BRZE#NASDAQ">BRZE</a>) rose 4.2% to $38.32 following better-than-expected first-quarter earnings.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Biomea Fusion, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BMEA#NASDAQ">BMEA</a>) shares dipped 65.6% to $3.87 after the United States Food and Drug Administration (FDA) imposed a full clinical hold on its Phase I/II trials for BMF-219, a diabetes treatment.</li>
<li>Barnes &amp; Noble Education, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BNED#NYSE">BNED</a>) fell 35.3% to $0.2101 after the company announced final results of rights offering.</li>
<li>Scinai Immunotherapeutics Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCNI#NASDAQ">SCNI</a>) fell 31.3% to $2.7474. Scinai Immunotherapeutics regained compliance with Nasdaq minimum bid price requirement.</li>
<li>Volcon, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VLCN#NASDAQ">VLCN</a>) fell 29.3% to $9.90. Volcon recently announced a 1-for-100 reverse stock split.</li>
<li>Latam Logistic Properties, S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LPA#NYSE">LPA</a>) shares fell 26.4% to $34.69 after jumping 49% on Thursday.</li>
<li>Hywin Holdings Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HYW#NYSE">HYW</a>) dipped 24.7% to $0.4670.</li>
<li>MicroAlgo Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MLGO#NASDAQ">MLGO</a>) shares fell 24.2% to $4.24. MicroAlgo recently announced that it entered into convertible note purchase agreements with certain investors.</li>
<li>Actelis Networks, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASNS#NASDAQ">ASNS</a>) dipped 23% to $1.5101. Actelis announced closing of exercise of warrants for $3 million gross proceeds.</li>
<li>Semtech Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMTC#NASDAQ">SMTC</a>) dipped 19.6% to $30.54 after the company announced it has appointed a new President and CEO and reaffirmed Q2 2025 guidance.</li>
<li>Gorilla Technology Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRRR#NASDAQ">GRRR</a>) fell 19.3% to $4.7699 after announcing a $12 million registered direct offering.</li>
<li>Bright Green Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BGXX#NASDAQ">BGXX</a>) shares fell 18.7% to $0.2851 after declining around 8% on Thursday.</li>
<li>Seres Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCRB#NASDAQ">MCRB</a>) declined 18.7% to $0.6916. Canaccord Genuity analyst John Newman maintained Seres Therapeutics with a Buy and lowered the price target from $15 to $10.</li>
<li>CEA Industries Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CEAD#NASDAQ">CEAD</a>) dipped 18% to $6.65.</li>
<li>Oil-Dri Corporation of America (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ODC#NYSE">ODC</a>) fell 17.3% to $68.57 following third-quarter results.</li>
<li>mF International Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MFI#NASDAQ">MFI</a>) fell 17.1% to $1.07.</li>
<li>Vail Resorts, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTN#NYSE">MTN</a>) shares declined 13.6% to $167.50 after the company reported weaker-than-expected results for its third quarter on Thursday.</li>
<li>Samsara Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IOT#NYSE">IOT</a>) shares dipped 13.4% to $30.17 after the company reported first-quarter earnings.</li>
<li>Moving iMage Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MITQ#NYSE">MITQ</a>) fell 10.3% to $0.6001 after declining 33% on Thursday. Moving iMage Technologies was recently awarded a multi-million dollar contract.</li>
<li>Novavax, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVAX#NASDAQ">NVAX</a>) declined 10.2% to $17.56.</li>
<li>Sify Technologies Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIFY#NASDAQ">SIFY</a>) fell 10.1% to $0.8001 as the company announced commencement of its previously announced rights offering.</li>
<li>Harmony Gold Mining Company Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HMY#NYSE">HMY</a>) fell 9.2% to $8.36. Shares of precious metals companies traded lower amid a decline in gold and silver following US economic data.</li>
<li>Concrete Pumping Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BBCP#NASDAQ">BBCP</a>) shares dipped 8% to $6.93 after posting weaker-than-expected second-quarter results.</li>
<li>Upstart Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UPST#NASDAQ">UPST</a>) tumbled 8% to $24.75.</li>
<li>American Software, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMSWA#NASDAQ">AMSWA</a>) declined 7.5% to $9.55 following quarterly results. B. Riley Securities analyst Zach Cummings maintained American Software with a Buy and lowered the price target from $16 to $14.</li>
<li>DocuSign, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DOCU#NASDAQ">DOCU</a>) shares fell 7.4% to $50.57. DocuSign reported better-than-expected earnings for its first quarter and the company&#8217;s board also authorized a $1 billion increase to its existing stock repurchase program. The company said it sees second-quarter billings in the range of $715 million to $725 million.</li>
<li>Impinj, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PI#NASDAQ">PI</a>) fell 7.1% to $153.03.</li>
<li>Gen Digital Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GEN#NASDAQ">GEN</a>) declined 5.2% to $24.13 after Morgan Stanley downgraded the stock from Overweight to Equal-Weight and lowered its price target from $28 to $27.</li>
</ul>
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Why GameStop Shares Are Trading Lower By Over 22%? Here Are Other Stocks Moving In Friday's Mid-Day Session

Morgan Stanley analyst Megan Alexander maintains Vail Resorts (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTN#NYSE">MTN</a>) with a Equal-Weight and lowers the price target from $229 to $179.

Morgan Stanley Maintains Equal-Weight on Vail Resorts, Lowers Price Target to $179

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our <a href="https://www.benzinga.com/analyst-ratings/">analyst ratings page</a>.
<ul>
<li>JP Morgan analyst Matthew Boss downgraded the rating for Vail Resorts, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTN#NYSE">MTN</a>) from Neutral to Underweight, while cutting the price target from $217 to $176. Vail Resorts shares gained 0.6% to close at $193.95 on Thursday. <a href="https://www.benzinga.com/quote/MTN/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Morgan Stanley analyst Hamza Fodderwala downgraded Gen Digital Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GEN#NASDAQ">GEN</a>) from Overweight to Equal-Weight and slashed the price target from $28 to $27. Gen Digital shares fell 0.1% to settle at $25.44 on Thursday. <a href="https://www.benzinga.com/quote/GEN/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Piper Sandler analyst Joseph Catanzaro downgraded the rating for Halozyme Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HALO#NASDAQ">HALO</a>) from Overweight to Neutral, but raised the price target from $48 to $51. Halozyme Therapeutics shares rose 12.7% to settle at $51.44 on Thursday. See how other analysts view this stock. <a href="https://www.benzinga.com/quote/HALO/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Truist Securities analyst Neal Dingmann downgraded Exxon Mobil Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) from Buy to Hold and cut the price target from $146 to $124. Exxon Mobil shares rose 0.8% to close at $113.97 on Thursday. <a href="https://www.benzinga.com/quote/XOM/analyst-ratings">See how other analysts view this stock.</a></li>
<li>William Blair analyst Tim Mulrooney downgraded the rating for Concrete Pumping Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BBCP#NASDAQ">BBCP</a>) from Outperform to Market Perform. Concrete Pumping shares rose 0.7% to settle at $7.53 on Thursday. <a href="https://www.benzinga.com/quote/BBCP/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Check This Out: <a href="https://www.benzinga.com/news/24/06/39224737/wall-streets-most-accurate-analysts-weigh-in-on-3-risk-off-stocks-delivering-high-dividend-yields">Wall Street&#8217;s Most Accurate Analysts Weigh In On 3 Risk Off Stocks Delivering High-Dividend Yields</a>

Downgrades

HALO

This Exxon Mobil Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Friday

JP Morgan analyst Matthew Boss downgrades Vail Resorts (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTN#NYSE">MTN</a>) from Neutral to Underweight and lowers the price target from $217 to $176.

JP Morgan Downgrades Vail Resorts to Underweight, Lowers Price Target to $176

Vail Resorts, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTN#NYSE">MTN</a>) reported weaker-than-expected results for its <a href="https://www.benzinga.com/news/earnings/24/06/39216757/vail-resorts-stock-slides-on-q3-earnings-what-you-need-to-know">third quarter on Thursday</a>.
The company posted quarterly earnings of $9.54 per share, missing market estimates of $10.03 per share. The company's sales came in at $1.28 billion versus expectations of $1.30 billion, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Vail Resorts cut its forward guidance for full-year 2024. The company now expects Resort Reported EBITDA to be between $833 million and $851 million. The company expects net income attributable to Vail Resorts to be between $224 million and $256 million.
"The reduction relative to the guidance provided on March 11, 2024, is primarily from lift ticket visitation not returning to typical historical spring behavior as expected in the March and April period, primarily at Whistler Blackcomb, along with lowered expectations for the fourth quarter of $9 million primarily related to the demand outlook for our Australian resorts," said Kirsten Lynch, CEO of Vail Resorts.
Vail Resorts shares rose 0.6% to close at $193.95 on Thursday.
These analysts made changes to their price targets on Vail Resorts after the company reported quarterly results.
<ul>
<li>Mizuho cut the price target on Vail Resorts from $256 to $231. Mizuho analyst Ben Chaiken maintained a Buy rating.</li>
<li>Stifel lowered Vail Resorts price target from 262 to $259. Stifel analyst Jeffrey Stantial maintained a Buy rating on the stock.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/news/24/06/39224737/wall-streets-most-accurate-analysts-weigh-in-on-3-risk-off-stocks-delivering-high-dividend-yields">Wall Street&#8217;s Most Accurate Analysts Weigh In On 3 Risk Off Stocks Delivering High-Dividend Yields</a>

Earnings

These Analysts Slash Their Forecasts On Vail Resorts After Weak Q3 Results

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-ratings/">analyst ratings page</a>.
<ul>
<li>Telsey Advisory Group cut the price target for Big Lots, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BIG#NYSE">BIG</a>) from $5 to $2.5. Telsey Advisory Group analyst Joseph Feldman maintained a Market Perform rating. Big Lots shares dipped 18.2% to close at $2.88 on Thursday. <a href="https://www.benzinga.com/quote/BIG/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Oppenheimer raised the price target for Addus HomeCare Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADUS#NASDAQ">ADUS</a>) from $118 to $130. Oppenheimer analyst Michael Wiederhorn maintained an Outperform rating. Addus HomeCare shares rose 1.2% to close at $116.07 on Thursday. <a href="https://www.benzinga.com/quote/ADUS/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Oppenheimer increased Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) price target from $450 to $500. Oppenheimer analyst Timothy Horan maintained an Outperform rating. Microsoft shares gained 0.1% to close at $424.52 on Thursday. <a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">See how other analysts view this stock.</a></li>
<li>B of A Securities raised the price target for NIO Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) from $5.9 to $6. B of A Securities analyst Ming Hsun Lee maintained a Neutral rating. NIO shares fell 6.8% to close at $4.91 on Thursday. <a href="https://www.benzinga.com/quote/NIO/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Stifel cut Vail Resorts, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTN#NYSE">MTN</a>) price target from $262 to $259. Stifel analyst Jeffrey Stantial maintained a Buy rating. Vail Resorts shares gained 0.6% to close at $193.95 on Thursday. <a href="https://www.benzinga.com/quote/MTN/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Mizuho boosted Herbalife Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HLF#NYSE">HLF</a>) price target from $10 to $11. Mizuho analyst John Baumgartner maintained a Neutral rating. Herbalife shares rose 1.7% to close at $11.43 on Thursday. <a href="https://www.benzinga.com/quote/HLF/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>B of A Securities raised the price target for 3M Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMM#NYSE">MMM</a>) from $105 to $120. B of A Securities analyst Andrew Obin upgraded the stock from Neutral to Buy. 3M shares fell 0.9% to close at $98.22 on Thursday. <a href="https://www.benzinga.com/quote/MMM/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Baird cut DocuSign, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DOCU#NASDAQ">DOCU</a>) price target from $65 to $55. Baird analyst William Power maintained a Neutral rating. DocuSign shares rose 2% to close at $54.60 on Thursday. <a href="https://www.benzinga.com/quote/DOCU/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Needham slashed Ciena Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIEN#NYSE">CIEN</a>) price target from $65 to $60. Needham analyst Ryan Koontz maintained a Buy rating. Ciena shares rose 0.7% to close at $48.56 on Thursday. <a href="https://www.benzinga.com/quote/CIEN/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Piper Sandler cut Braze, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BRZE#NASDAQ">BRZE</a>) price target from $66 to $55. Piper Sandler analyst Brent Bracelin maintained an Overweight rating. Braze shares gained 2% to close at $36.78 on Thursday. <a href="https://www.benzinga.com/quote/BRZE/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
Check This Out: <a href="https://www.benzinga.com/news/24/06/39224737/wall-streets-most-accurate-analysts-weigh-in-on-3-risk-off-stocks-delivering-high-dividend-yields">Wall Street&#8217;s Most Accurate Analysts Weigh In On 3 Risk Off Stocks Delivering High-Dividend Yields</a>

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Microsoft To Rally Around 18%? Here Are 10 Top Analyst Forecasts For Friday

U.S. stock futures were slightly higher this morning, with the Dow futures gaining around 0.1% on Friday.
Shares of Vail Resorts, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTN#NYSE">MTN</a>) fell sharply in today's pre-market trading after the company reported weaker-than-expected <a href="https://www.benzinga.com/news/earnings/24/06/39216757/vail-resorts-stock-slides-on-q3-earnings-what-you-need-to-know">results for its third quarter</a>.
The company posted quarterly earnings of $9.54 per share, missing market estimates of $10.03 per share. The company&#8217;s sales came in at $1.28 billion versus expectations of $1.30 billion, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Vail Resorts shares declined 6.8% to $180.77 in pre-market trading.
Here are some big stocks recording losses in today's pre-market trading session.
<ul>
<li>Biomea Fusion, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BMEA#NASDAQ">BMEA</a>) shares tumbled 59.2% to $4.60 in pre-market trading after the company received notice from the FDA that Its trials of BMF-219 have been placed on clinical hold.</li>
<li>Latam Logistic Properties, S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LPA#NYSE">LPA</a>) shares fell 16% to $39.60 in pre-market trading after jumping 49% on Thursday.</li>
<li>Concrete Pumping Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BBCP#NASDAQ">BBCP</a>) shares dipped 13% to $6.55 in pre-market trading after posting weaker-than-expected second-quarter results.</li>
<li>FibroBiologics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FBLG#NASDAQ">FBLG</a>) shares fell 8.1% to $9.48 in pre-market trading. FibroBiologics shares jumped around 54% on Thursday after the company in a FormRW disclosed that its Registration Statement has not been declared effective by the SEC and no securities have been issued or sold under the Registration Statement.</li>
<li>Eastern Bankshares, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EBC#NASDAQ">EBC</a>) shares fell 7.7% to $12.25 in pre-market trading.</li>
<li>DocuSign, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DOCU#NASDAQ">DOCU</a>) shares declined 7.1% to $50.70 in pre-market trading. DocuSign reported better-than-expected earnings for its first quarter and the company&#8217;s board also authorized a $1 billion increase to its existing stock repurchase program. The company said it sees second-quarter billings in the range of $715 million to $725 million.</li>
<li>Samsara Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IOT#NYSE">IOT</a>) shares declined 6.2% to $32.69 in pre-market trading after the company reported first-quarter earnings.</li>
<li>Fitell Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTEL#NASDAQ">FTEL</a>) shares fell 5.3% to $15.14 in pre-market trading.</li>
<li>Replimune Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REPL#NASDAQ">REPL</a>) shares fell 5.2% to $6.74 in pre-market trading. Replimune Group shares jumped around 28% on Thursday after the company announced the topline results from the primary analysis of the IGNYTE clinical trial of RP1 plus nivolumab in anti-PD1 failed melanoma.</li>
</ul>
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Don't forget to check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>

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REPL

Vail Resorts Posts Downbeat Q3 Results, Joins Concrete Pumping, DocuSign And Other Big Stocks Moving Lower In Friday's Pre-Market Session

U.S. stocks are priming for a narrowly mixed start ahead of the <a href="https://www.benzinga.com/top-stories/24/06/39189878/are-more-americans-looking-for-a-job-heres-what-the-next-employment-report-might-show">all-important non-farm payrolls data, </a> an important piece of economic evidence the Federal Open Market Committee would consider while deliberating on the Fed funds rate next week. The May consumer price inflation report is due only Tuesday just ahead of the rate decision.
Tamer-than-expected job numbers and benign average hourly earnings could give hopes for at least a dovish message from the central bank and a benign dot-plot curve. The futures market currently prices in a 97.7% probability of a pause decision next week. Meme stock volatility could also create some volatility in the market.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>+0.04%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.05%</td>
</tr>
<tr>
<td>Dow</td>
<td>-0.02%</td>
</tr>
<tr>
<td>R2K</td>
<td>-0.30%</td>
</tr>
</tbody>
</table>
</figure>
In premarket trading on Friday,&nbsp;the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) edged down 0.06% to $534.32, while the&nbsp;Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) traded up 0.03% at $463.50, according to&nbsp;<a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>.
Cues From Previous Session:
Wall Street ended narrowly mixed as traders digested the previous session&#8217;s advance that took the S&amp;P 500 and the Nasdaq Composite to record highs. Traders also exercised restraint ahead of the non-farm payroll data. The 30-stock Dow Jones Industrial Average ended modestly higher, while the Nasdaq Composite and the S&amp;P 500 Index edged down.
Small-cap stocks underperformed despite a pick up in buying interest in meme stocks following GameStop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) news. 
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>-0.09%</td>
<td>17,173.12</td>
</tr>
<tr>
<td>S&amp;P 500 Index</td>
<td>-0.02%</td>
<td>5,352.96</td>
</tr>
<tr>
<td>Dow Industrials</td>
<td>+0.20%</td>
<td>38,886.17</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-0.70%</td>
<td>2,049.44</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts: Fund manager Louis Navellier lamented the concentration of the market rally. &#8220;Momentum remains positive, but concentration is high,&#8221; he said. The Equal-Weighted S&amp;P 500 Index has underperformed its market cap-weighted compatriot, he noted.
Carson Group&#8217;s Ryan Detrick, meanwhile, is upbeat about the near term. He noted that in an election year, June, July, and August are typically the best-performing months.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">You Are Here June/July/Aug are the best three months during an election year. <a href="https://t.co/TRT0Ne7cXv">pic.twitter.com/TRT0Ne7cXv</a>
&mdash; Ryan Detrick, CMT (@RyanDetrick) <a href="https://twitter.com/RyanDetrick/status/1798762012933231097?ref_src=twsrc%5Etfw">June 6, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Upcoming Economic Data:
<ul>
<li>The Bureau of Labor Statistics is due to release the non-farm payrolls report for May at 8:30 a.m. The non-farm sector is widely expected to add 190,000 jobs in May, up from 175,000 in April. The jobless rate may have remained unchanged at 3.9% and the annual change in the average hourly wages, an inflation measure, is expected at 3.9%, flat with a month ago.</li>
<li>The Commerce Department will release its wholesale inventories report at 10 a.m. EDT. Economists, on average, expect month-over-month wholesale inventories growth of 0.2%, reversing the 0.4% drop in March.</li>
<li>The Federal Reserve&#8217;s consumer credit report for April, due at 3 p.m. EDT, is expected to show a $10.2 billion increase in outstanding consumer credit compared to a $6.3 billion increase in March.</li>
</ul>
See also: <a href="https://www.benzinga.com/money/best-futures-trading-software">Best Futures Trading Software</a>
Stocks In Focus:
<ul>
<li>DocuSign, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DOCU#NASDAQ">DOCU</a>) fell over 7.55% in pre-market trading following the company&#8217;s earnings announcement. Vail Resorts, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTN#NYSE">MTN</a>) slumped about 8.5%, Samsara Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IOT#NYSE">IOT</a>) plunged over 7.70% and Zumiez Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZUMZ#NASDAQ">ZUMZ</a>) moved down about 3.50%.</li>
<li>GameStop slid about 8% after the video game retailer&#8217;s surprise early earnings announcement, which showed a top- and bottom-line miss. The company also said it wouldn&#8217;t hold an earnings call. Fellow meme stock AMC Entertainment Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMC#NYSE">AMC</a>) also pulled back sharply.</li>
</ul>
Commodities, Bonds And Global Equity Markets:
Crude oil futures climbed for a third straight session, while gold futures retreated sharply. The U.S. benchmark 10-year Treasury note rose 1.4 basis points to 4.295% after rising modestly on Thursday. Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) was in the green above the $71K mark.
The Asian markets closed on a mixed note, with Japan, Hong Kong, Taiwan, Indonesia, and New Zealand retreating, while the rest of the major markets advanced. The Chinese market rose slightly as traders digested mixed trade data for May. While imports fell sharply in May, a sharp rise in exports helped the country record a bigger trade surplus for the month.
European stocks fell sharply in early trading amid profit-taking following the gains seen in the previous two sessions amid the region&#8217;s central bank&#8217;s decision to lower rates for the first time in about five years.
Read Next:<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/06/39223423/strategist-explains-how-nvidia-options-traders-should-position-themselves-ahead-of-"> Strategist Explains How Nvidia Options Traders Should Position Themselves Ahead Of Friday&#8217;s Stock Split</a>
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