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Stocks making the biggest moves premarket: General Mills, Stitch Fix, Beyond Meat and others

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cnbc.com

In this article Check out the companies making headlines before the bell: General Mills (GIS) – General Mills shares gained 1.8% in the premarket after the food producer reported a better-than-expected quarterly profit and raised its full-year sales forecast.

The company expects to benefit from higher prices and strong demand for cereal, snacks and pet food. Stitch Fix (SFIX) – Stitch Fix slid 5.9% in premarket trading after reporting a wider-than-expected quarterly loss and issuing a weak forecast.

The online clothing styling company expects sales to fall over the short term as the number of active customers declines. Canaccord Genuity downgraded the stock to «hold» from «buy», noting a tough macroeconomic environment complicates the company's efforts to effect a turnaround.

Beyond Meat (BYND) – Beyond Meat suspended Chief Operating Officer Doug Ramsey after he was involved in a physical altercation over the weekend which resulted in third-degree battery and terroristic threatening charges.

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