Premarket Movers | Hanesbrands Soars 16%; AST SpaceMobile Surges 13%; BitMine Jumps 9%; Intel Gains 3%
Canada's Gildan Activewear is nearing a deal to acquire Hanesbrands, which could value the U.S. innerwear-maker at about $5 billion including debt, the Financial Times reported on Tuesday, citing people familiar with the matter. Hanesbrands shares soared 16.2% in premarket trading on Tuesday.
AST SpaceMobile stock surged 13.4% in premarket trading on Tuesday despite the company logging a bigger quarterly loss in the second quarter.
However, the company provided several updates about its future during the post-earnings conference call, which investors were eager to hear. AST said it was preparing to deploy nationwide intermittent service in the United States by the end of 2025, followed by the United Kingdom, Japan, and Canada in the first three months of 2026.
Ethereum-related stocks rose in premarket trading on Tuesday. BitMine rose 9%; SharpLink Gaming rose 5%.
US President Donald Trump said members of his Cabinet would continue discussions with Lip-Bu Tan in the coming days after meeting with the Intel chief executive officer at the White House on Monday. The shares gained 3.2% in premarket trading on Tuesday.
“The meeting was a very interesting one,” Trump said in a social media post. “His success and rise is an amazing story. Mr. Tan and my Cabinet members are going to spend time together, and bring suggestions to me during the next week.”
Archer Aviation reported a wider-than-expected second quarter loss on Monday, with adjusted earnings per share coming in at -$0.36, missing analyst estimates of -$0.25 by $0.11.
The urban air mobility company’s shares fell 7% following the earnings release as investors reacted to the earnings miss. The company reported an adjusted EBITDA loss of $118.7 million for the quarter ended June 30, 2025, while GAAP net loss reached $206 million.
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