Check out the companies making the biggest premarket moves: WD-40 Inc. — Shares of the household and industrial lubricants maker rose more than 15% after posting third-quarter adjusted earnings of $2.33 per share, beating the $1.56 per share estimates of analysts surveyed by FactSet. The company also raised its full-year forecast. Delta Air Lines — Shares fell more than 3% even though the company reported second-quarter earnings and beat expectations for top and bottom lines. Chief Executive Officer Ed Bastian said in an interview on CNBC that he expects the company’s pricing power from high jet fuel prices to continue even as oil prices fall. Circle Internet Group — Shares rose more than 13% after the fintech company received approval from the U.S. Office of the Comptroller of the Currency to launch a cryptocurrency-focused bank. CEO Jeremy Allaire said in a news release that the approval marks a key moment in bringing blockchain technology to the core of the financial system. Vodafone Group — The telecom company’s U.S.-listed shares rose 13% after it was revealed that French billionaire Xavier Niel had acquired a 16% stake in the company worth about $6 billion. This will make Neil the largest shareholder in Vodafone. Netflix — The streaming platform rose slightly following a Wall Street Journal report that the company is considering adding live TV channels to its products and bundling its products with other streaming services. Citing people familiar with the matter, the paper added that the discussion comes as subscriber engagement shows signs of declining. Marvell Technology, Intel, Sandisk — Memory and chip stocks fell across the board ahead of South Korean chipmaker SK Hynix’s Nasdaq listing. The decline was led by Intel, which fell about 2%, and SanDisk, which fell more than 1.5%. Marvell Technology also fell 1%. Twilio, Shopify — Shares of both companies rose after Stifel upgraded the stock to Buy. The company’s analysts said Twilio has the right tools to take advantage of the artificial intelligence cycle and that Shopify can continue to gain more market share in the e-commerce space. Twilio and Shopify both rose 2%. Strategy, Coinbase — Both crypto-exposed stocks posted gains of about 5% as Bitcoin prices rose above $64,000 for the first time since mid-June. META — The hyperscaler’s stock rose 3.5%, continuing its rally on Thursday led by a Reuters report that the company is considering mass-producing its AI chips in September. The stock is currently on track to end the week up about 12%. — CNBC’s Sarah Ming contributed reporting Correction: This story has been corrected to reflect that Ed Bastian is the CEO of Delta Air Lines. Previous versions misspelled Bastian’s name.
