UBS

Stock in the Swiss bank, UBS, increased by 4.6% before the opening bell. This followed news that UBS terminated a $10 billion loss protection agreement and a public liquidity backstop with Credit Suisse. UBS also confirmed that Credit Suisse fully repaid a 50 billion Swiss franc emergency liquidity loan to the Swiss National Bank.

Six Flags

The amusement park stock, Six Flags, declined by 2.5% after falling short of second-quarter estimates. The company reported adjusted earnings of 25 cents per share on $444 million in revenue, while analysts polled by Refinitiv had estimated 78 cents and $459 million, respectively.

Maxeon Solar Technologies

Clean energy stock, Maxeon Solar Technologies, dropped by 26% in premarket trading due to weakening demand. The company’s second quarter revenue of $348.4 million fell below the guidance range, which started at $360 million. Maxeon expects its third-quarter revenue to be between $280 million and $320 million, citing high interest rates as one of the reasons for the demand issues.

Savers Value Village

Thrift store retailer, Savers Value Village, witnessed a nearly 6% increase in its stock following an earnings beat. The company achieved adjusted earnings per share of 22 cents on $379 million in revenue, surpassing FactSet’s forecast of 17 cents and $375 million, respectively.

Flower Foods

Baked goods company, Flower Foods, saw a 2.4% rise in its stock after surpassing expectations in the second quarter. Flower Foods reported adjusted earnings of 33 cents per share on $1.23 billion in revenue, while Refinitiv’s consensus was 28 cents and $1.2 billion.

Archer Aviation

Shares of Archer Aviation surged by nearly 23% after settling a lawsuit with Boeing over an autonomous flying dispute. Additionally, Archer completed a $215 million equity investment round, with contributions from United Airlines and Cathie Wood’s Ark Investment Management.

IonQ

Computing hardware firm, IonQ, experienced an 8.2% increase in its stock despite posting a wider-than-expected quarterly loss and a revenue miss. However, IonQ raised its booking guidance to a range of $49 million to $56 million.

— ‘s Jesse Pound contributed reporting