Morning Movers: Vital Farms dips after cutting FY25 revenue view

Stocks are trading with a cautious tone this morning as traders eye a key jobs report and additional economic data that could influence the Federal Reserve’s interest-rate path next year. Futures are all modestly lower in pre-market trading, with the Nasdaq under the greatest pressure amid lingering concerns around valuation in technology and AI-linked names. Record highs earlier in December have given way to a softer backdrop as investors weigh macro risk amid the release of delayed nonfarm payrolls and other indicators like retail sales and CPI inflation, which were postponed by the longest U.S. government shutdown in history.

Investors also continue to watch oil prices, which remain under pressure amid optimism about peace talks affecting supply dynamics.

In pre-market trading, S&P 500 futures fell 0.10%, Nasdaq futures fell 0.19% and Dow futures fell 0.05%.

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

HIGHER –

• Organogenesis (ORGO) up 11% after completing a planned Type-B meeting with the FDA resulting in confirmation to initiate a rolling biologics licenses application for ReNu planned before the end of December
• Roku (ROKU) up 5% after Morgan Stanley double upgraded the stock to Overweight from Underweight with a price target of $135, up from $85
• Ford (F) up 1% after updating restructuring plans and increasing its full-year adjusted EBITDA guidance
• PayPal (PYPL) up 1% after filing an application to establish PayPal Bank

UP AFTER EARNINGS –

• B. Riley Financial (RILY) up 27%
• Organigram (OGI) up 3%

DOWN AFTER EARNINGS –

• Navan (NAVN) down 5%

LOWER –

• Vital Farms (VITL) down 7% after cutting its FY25 revenue guidance ahead of its investor day
• Vestis (VSTS) down 1% after announcing departure of CFO Kelly Janzen