Morning Movers: Imax jumps as company reportedly considers sale

Stock futures edged higher Friday morning as markets headed toward a weekly gain despite continued volatility. Treasury yields have eased, lifting megacaps and chip stocks, though markets continue to be on watch for signs of a breakthrough in negotiations to end the war in Iran.

In pre-market trading, S&P 500 futures increased 0.35%, Nasdaq 100 futures were up 0.38% and Dow futures gained 0.60%.

Check out this morning’s top movers from around Wall Street, compiled by The Fly. 

HIGHER – 

• Imax (IMAX) up 14% following a WSJ report that the company is considering a sale
• Estee Lauder (EL) up 12% after the company and Puig (PUGBY) confirmed that they have ended talks about a potential combination
• Merck (MRK) up 3% after its treatment for lung cancer in partnership with Chinese-based Kelun-Biotech cut tumor progression risk by 65% in a Phase 3 study
• Perpetua Resources (PPTA) up 8% after the company announced that it has secured a $2.9B loan from the U.S. Export-Import Bank
• Sweetgreen (SG) up 9% after being upgraded at JPMorgan on its ramping brand transformation

UP AFTER EARNINGS – 

• Ross Stores (ROST) up 5%
• Workday (WDAY) up 7%
• Zoom Communications (ZM) up 8%
• Take-Two (TTWO) up 4%
• Booz Allen (BAH) up 4%

DOWN AFTER EARNINGS – 

• Deckers Outdoor (DECK) down 3%

LOWER – 

• Futu (FUTU) down 38% after Reuters reported that China is launching a crackdown on illegal cross-border securities trading