La-Z-Boy surged 12% on strong earnings and guidance, while SpaceX and Lionsgate saw volatility from valuation remarks and M&A speculation.
La-Z-Boy (LZB) shares jumped 12% in premarket trading after reporting earnings that surpassed expectations, driven by improved margins and operational execution. The company also issued guidance above consensus and announced a new share repurchase program, boosting investor confidence.
SpaceX (SPCX) experienced volatility following remarks by investor Michael Burry on valuation concerns, alongside heavy trading in ultra-short-dated call options. Meanwhile, Lionsgate (LGF) shares declined as reports contradicted earlier acquisition speculation by Netflix, reducing the expected M&A premium.
Stock futures edged higher as markets awaited the Federal Reserve’s rate decision and updates on a preliminary U.S.-Iran peace deal, which could influence broader market sentiment.