LLY, TRV, UAL, AA and more

Check out the companies making significant moves in premarket trading:
Eli Lilly’s stock rose by 2% after announcing that its weight loss drug Zepbound showed potential in treating patients with obstructive sleep apnea. Meanwhile, shares of ResMed, a company that makes devices for this disorder, fell by nearly 4%.
Travelers saw a 5% drop in shares after reporting an earnings and revenue miss for the first quarter. The company attributed this to elevated catastrophe losses.
United Airlines’ stock increased by 6% following a first-quarter adjusted loss of 15 cents, which was lower than expected. Quarterly revenue also surpassed expectations.
J.B. Hunt Transport Services experienced an 8% decrease in shares due to an earnings and revenue miss in the first quarter, with flat demand levels reported.
ASML Holding’s U.S.-listed shares fell by 5% after the Dutch semiconductor company reported lower revenue and new bookings than expected.
Urban Outfitters’ stock dropped by 5% after being downgraded to underperform from hold by Jefferies, citing slowing foot traffic growth.
Omnicom’s stock rose by nearly 3% after reporting higher earnings and revenue for the first quarter, with organic revenue growth surpassing analyst expectations.
Autodesk’s software stock declined by 5% following a delay in its annual filing due to an internal board investigation.
Alcoa’s aluminum stock saw a 3% increase after reports that President Joe Biden could propose tripling the China tariff rate on steel and aluminum imports. E.l.f. Beauty’s stock rose by 2.6% following an upgrade to buy from hold by TD Cowen, highlighting impressive new product introductions.
Ferrari’s stock gained 1.8% after an analyst reiterated an outperform rating, stating that the luxury sports car maker is excelling in electrification. Abbott Laboratories slightly dropped despite topping first-quarter expectations and raising its full-year guidance midpoint.
Capri Holdings shares decreased by 1.5% after reports that the Federal Trade Commission might block the company’s takeover of Tapestry. Tapestry shares, on the other hand, rose by 1.8%.

In premarket trading, Eli Lilly’s stock rose 2% after announcing the potential of its weight loss drug Zepbound to treat obstructive sleep apnea. ResMed, a company that makes devices to treat the sleep-related breathing disorder, saw its shares drop nearly 4% on the news. Travelers’ shares fell nearly 5% after reporting an earnings and revenue miss for the first quarter, attributing it to elevated catastrophe losses. United Airlines’ stock climbed 6% after reporting a smaller-than-expected adjusted loss for the first quarter. J.B. Hunt Transport Services’ shares sank 8% following an earnings and revenue miss, with weaker-than-expected demand domestically. ASML Holding’s U.S.-listed shares dropped 5% after posting revenue and new bookings below consensus estimates. Urban Outfitters saw a 5% decline in shares after a downgrade by Jefferies, citing slowing foot traffic growth. Omnicom’s stock rose nearly 3% after reporting an earnings and revenue beat for its first quarter. Autodesk’s software stock dropped 5% due to a delay in its annual 10-K filing. Alcoa’s shares rose 3% after reports of President Biden proposing to triple the China tariff rate on steel and aluminum imports. E.l.f. Beauty’s stock gained 2.6% following an upgrade to buy from hold by TD Cowen. Ferrari’s stock rose 1.8% after Bernstein reiterated an outperform rating, citing the company’s progress in mastering electrification. Abbott Laboratories slightly fell despite beating first-quarter expectations and raising its full-year guidance. Capri Holdings’ shares were down 1.5% amid reports of the FTC preparing to block its takeover of Tapestry, causing Tapestry shares to increase by 1.8%.

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