Investors were active in premarket trading on Wednesday, May 24th, with stocks in focus ranging from Kohl’s to PacWest Bancorp. Kohl’s stock soared 11.6% after the retailer reported a surprise profit, while Abercrombie & Fitch stock rose 15.8% after the clothes retailer raised its annual sales forecast. XPeng stock fell 5.6% after the China-based EV maker reported a wider-than-expected quarterly loss, while Palo Alto Networks stock rose 4.7% after the cybersecurity company posted stronger-than-expected third-quarter profit. Urban Outfitters stock soared 13.3% after the clothes retailer reported quarterly results that topped Wall Street estimates, while Intuit stock fell 5.2% after the business software firm reported disappointing third-quarter revenue. Agilent stock fell 9.4% after the lab-equipment maker disappointed with its full-year guidance, and Integra LifeSciences stock fell 2.6% after JPMorgan downgraded the medical technology company. Finally, PacWest Bancorp stock rose 4.9% after the lender agreed to sell its property lending unit in its second asset sale this week.
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