Stocks making the biggest moves in premarket: Express, Tesla, Snowflake, CrowdStrike & more

U.S. futures point to mixed open with vaccine and stimulus in focus
U.S. futures point to mixed open with vaccine and stimulus in focus

Check out the companies making headlines before the bell Thursday:

Express (EXPR) — Shares of Express tanked 25% after the retailer reported a wider-than-expected earnings loss. Express said it lost $1.39 per share in the third quarter, versus an estimated loss of 51 cents per Refinitiv. Its revenue also missed expectations.

Tesla (TSLA) — Shares of Tesla gained 4% after Goldman Sachs upgraded the electric carmaker to "buy" from "neutral," seeing more than 30% upside ahead for shares. The bank cited an accelerating shift toward electric vehicle adoption.

Dollar General (DG) — Shares of Dollar General dipped 2% even after the discount store reported better-than-expected quarterly results. Its same-store sales rose about 14% between Oct. 31 and Dec. 1. The company posted earnings per share of $2.31 in the third quarter, higher than $2.00 per share analysts were expecting, according to Refinitiv.

Snowflake (SNOW) — Shares of Snowflake dropped 2.6% after the software company reported its first quarterly results since its IPO. Snowflake's revenue grew 119% year over year in its fiscal third quarter, compared to a 121% growth in the previous quarter. Losses narrowed from $1.92 per share in the year-ago quarter, while gross margin fell to 58.2% from 59.6%.

CrowdStrike (CRWD) — Shares of CrowdStrike surged more than 12% after the cybersecurity company posted quarterly results that topped expectations. CrowdStrike reported 8 cents in earnings per share on $232.5 million in revenue. Analysts surveyed by Refinitiv had expected a slight loss and $212.6 million in revenue.

Stitch Fix (SFIX) — Shares of Stitch Fix dropped nearly 4% after Wells Fargo downgraded the online personal styling service company to "underweight" from "equal weight." The bank said the stock has "unfavorable risk/reward from here" after a 50% rally this year.

Splunk (SPLK) — Shares of Splunk plunged 21% after the software company reported disappointing quarterly results. Splunk posted a loss per share of 7 cents, compared to a FactSet estimate of a 9-cent EPS. Its revenue also came in below expectations.

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