Bed Bath & Beyond, Foot Locker, Robinhood, and More Stock Market Movers Friday

Bed Bath & Beyond sinks in premarket trading Friday.


Michael M. Santiago/Getty Images

Stock futures were lower Friday as investors remained uncertain over the pace of rate hikes from the Federal Federal Reserve as the central bank aims to cool inflation.


S&P 500

futures fell 1% and


Dow Jones Industrial Average

futures were down 0.8%. Futures for the tech-heavy


Nasdaq Composite

fell1.2%.

Here are some of the stocks making notable moves in premarket trading Friday.

Meme stock



Bed Bath & Beyond

(ticker: BBBY) plunged 43% in premarket trading Friday. RC Ventures, the firm run by activist investor Ryan Cohen, has sold its entire Bed Bath stake for $178 million.



Robinhood Markets

(HOOD) was 4.5% lower after the stock trading platform reported that its monthly active users declined 6% month over month and 33% year over year.



Foot Locker

(FL) soared 20% after the shoe retailer posted adjusted earnings for its second quarter that beat Wall Street estimates.



Bill.com Holdings

(BILL) soared 20% early Friday after the bill-payment automation company reported a narrower loss than expected in its fiscal fourth quarter and revenue that beat Wall Street consensus. The company also issued revenue guidance above analysts’ expectations.



Deere

(DE) was down 5.2% after the agricultural equipment maker reported fiscal third-quarter earnings that missed analysts’ expectations and reduced its earnings guidance range for the fiscal year.



HP Inc.

(



HP

Q) fell 3.8% after an analyst from Wells Fargo downgraded the rating on the computer company to Underweight from Equal Weight.



Applied Materials

(AMAT) said that it expects fiscal-fourth quarter revenue above Wall Street estimates. The stock was down 0.2% early Friday.

Write to Angela Palumbo at angela.palumbo@dowjones.com

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