Check out the companies that made the biggest pre-market moves: Nike — The apparel company fell more than 3% after reporting a 12% drop in sales in the Greater China market. Despite significant declines in major markets, Nike still reported higher profits and sales in its fourth quarter financial report. Constellation Brands — Shares of the alcohol producer rose about 1.5% after the company reported strong first-quarter earnings. Constellation reported earnings of $3.43 per share, which beat analyst estimates compiled by LSEG of $3.20 per share. Sales also exceeded expectations, and the full-year profit forecast was almost in line with expectations. Shutterstock, Getty Images — Shares fell after Getty scrapped its planned merger with Shutterstock due to a request from UK regulators. Shutterstock plunged more than 30% and Getty fell 4%. ALCOA — The aluminum company fell 4% after announcing a definitive agreement to acquire some of the assets of mining and metals company South32. The $4.1 billion transaction will see Alcoa acquire South32’s bauxite, alumina and aluminum portfolio. Salesforce, ServiceNow — The software company’s stock price rose as Guggenheim didn’t think artificial intelligence was a harbinger of death for both companies and the stock’s valuation was attractive. ServiceNow rose more than 5% and Salesforce rose nearly 4%. Bloom Energy — Shares rose more than 7.5% after the company announced an expanded partnership with investment firm Brookfield to fund artificial intelligence infrastructure projects. Bloom said in a press release that the expansion demonstrates continued demand from AI infrastructure developers. Kroger — The company’s stock fell 2% after the company announced it would acquire food and drug retailer Giant Eagle for $1.65 billion. Kroger CEO Greg Foran said in a press release that the acquisition expands the company’s reach into attractive adjacent markets. Sandisk, Micron Technology — The memory company’s stock fell on the first day of trading in the third quarter after more than tripling in the second quarter that ended Tuesday. SanDisk fell 3.5% and Micron fell about 2.5%.
