Zscaler, GitLab, Asana, and More Stock Market Movers

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Stock futures fell early Wednesday as higher oil prices and rising bond yields remained in focus. Investors were also digesting a number of earnings reports after the close Tuesday.

These stocks were poised to make moves Wednesday: 

Zscaler

(ticker: ZS) stock fell 1% ahead of the open despite beating earnings expectations and delivering an upbeat outlook. The cybersecurity company’s Chief Financial Officer Remo Canessa warned that the global macro environment remains uncertain and that closing deals within 90 days “remains challenging.”

GitLab

(GTLB) shares jumped 5.5% in premarket trading after the code-hosting platform provider beat earnings expectations as revenue soared 38% in the second quarter. The company reported adjusted earnings of 1 cent per share, ahead of analysts’ expectations of a loss of 3 cents a share.

Asana

(ASAN) stock fell 3% ahead of the open despite the business software provider’s earnings topping analysts’ estimates for the second quarter. Asana reported an adjusted loss of 4 cents per share, while analysts were expecting a loss of 11 cents per share.

Manchester United

(MANU) shares pointed 1.3% higher in premarket trading, after plunging more than 18% Tuesday. It was the stock’s biggest ever one-day selloff following a report that the English football club will no longer be sold.

Earnings reports are expected Wednesday after the stock market closes from

GameStop

(GME),

UiPath

(PATH),

C3.ai

(AI),

American Eagle Outfitters

(AEO), and

ChargePoint Holdings

(CHPT).

Write to Callum Keown at callum.keown@barrons.com