GameStop, Novavax, Rent the Runway, DWAC: What to Watch When the Stock Market Opens Today

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Stock futures are down after new restrictions were laid out in the U.K. to combat the spread of the Omicron variant. Here’s what we’re watching in Thursday’s trading:

  • GameStop GME -2.34% fell 4.5% premarket after the videogame retailer turned day-trading sensation reported a wider loss for last quarter as it continued efforts to revitalize its business under an overhauled executive team and board of directors.

GameStop reported a wider loss in the recent quarter.

Photo: shannon stapleton/Reuters

  • CVS Health CVS 0.18% said it plans to raise its dividend and buy back stock for the first time since 2017. Shares rose 2.7% premarket.
  • Southwest Airlines LUV 0.13% fell 1.9% after analysts at Jefferies cut their target price for the stock. Other travel-related stocks including Wynn Resorts WYNN 2.00% also came under pressure, suggesting investor unease over coronavirus.
  • Novavax NVAX -0.60% rose 4.4%. The head of the European Medicines Agency said this week the company’s Covid-19 vaccine could soon gain approval, Reuters reported. Vaccine stocks have been volatile since the identification of the Omicron variant.
  • Digital World Acquisition, DWAC 28.10% the blank-check company that is merging with Donald Trump’s media venture, fell more than 3% premarket. Earlier this week the company, known by its ticker symbol DWAC, said in a regulatory filing the SEC was investigating the merger.
  • Rent the Runway RENT -10.23% reported high costs, mostly related to its initial public offering in October. Shares of the subscription fashion service sank 10%.
  • RH RH 0.11% shares rose 10% after the luxury home retailer reported better-than-expected results for the third quarter and lifted the low end of its revenue outlook.
  • Roku ROKU 18.23% shares were steady premarket. They jumped 18% Wednesday after the streaming device maker signed an agreement with Alphabet that restores the YouTube TV app to its service.
  • UiPath PATH 1.55% fell 1.4% before the bell. Analysts at KeyBanc cut their target share price after the software company reported earnings.
  • Allstate ALL -1.11% fell 1.9% after analysts at Wells Fargo cut their recommendation for the insurance stock from equal-weight to underweight.
  • Lululemon, LULU -2.06% Vail Resorts, MTN 1.69% Broadcom AVGO -0.31% and American Outdoor Brands are among the companies reporting earnings Thursday.
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Write to Joe Wallace at

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