Check out the companies that make headlines before the bell. Unifirst – The stock fell more than 10% after Cintas finished the discussion and ended the discussion to acquire a workware provider in a transaction worth $275 in cash. In a statement, CINTAS CEO Todd Schneider said, “We continue to believe in the merits of the transaction, but have not been able to effectively engage with Unifirst regarding the key terms of transaction. I don’t think further discussion is justified this time.” KB Home – Homebuilder stocks retreated 8% after the first quarter results missed Wall Street expectations. KB Home posted revenue of $13.9 billion with revenue of $1.49 per share, while analysts surveyed by LSEG supply pencils at $1.58 per share and revenue of $1.5 billion. KB Home also reduced its revenue prospects for fiscal year 2025. Trump Media – Shares rose 9% after Truth Social Parent announced its agreement with Crypto.com and launched funds and other related products traded on a series of exchanges. Trump media said it plans to launch funds later this year. CloudFlare – Stocks earned 5.7% behind the Bank of America double upgrade and purchased from Under Performance. Bofa said that the network security stock is improving the foundations and catalysts that help drive growth. Pentair – The water treatment company’s shares rose more than 1% after receiving an outperform upgrade from Baird’s neutral. Oklo – Shares fell nearly 7% after Advanced Ruclear Technology Company recorded a sharper annual loss compared to the same period last year. In an SEC application, the company said, “We are an early stage company with a history of economic losses and expect to suffer significant expenses and continued financial losses.” CARVANA – Shares in the online used car market rose about 6% after Morgan Stanley upgraded its stock from equal weight to overweight. The company said the recent pullback will give investors a “unique” opportunity “to gain exposure to auto retail and fleet performance leaders.” US Power – The shares slipped nearly 2% after utility companies said they were offering $2 billion in common stock through Citigroup and Barclays. Illumina – The DNA Sequence and Array-based Life Sciences Company rose 1.5% early Tuesday in a Wall Street Journal report in which former Food and Druig management chair Scott Gottlieb will become chairman on Friday after Corvex Management’s Chief Investment Director and activist investor Keith Meister joined the board and former Food and Druig management chair Scott Gottlieb will become chairman on Friday. Illumina has beaten 35% in the past three months. – CNBC’s Alex Hurling, Michelle Fox Theobaldo and Scott Schnipper reported.
