Shares of PVH Corp. (NYSE:PVH) tanked 21.42% to $77.01 in pre-market trading on Thursday.



The company reported upbeat first-quarter results, with revenues up 2.1% year-on-year to $2.03 billion and non-GAAP profit of $2.01 per share. Both figures came in above consensus estimates.



Evercore ISI downgraded the stock from Outperform to In Line, while cutting its price target from $95 to $79. Analysts noted the 46% rally year-to-date and the inclusion of tariff refunds in the fiscal 2026 guidance.



Gainers



<ul>
<li>CXApp Inc. (NASDAQ:CXAI) surged 81.53% to $0.28900 in pre-market trading, up from its previous close of $0.16. The announced the acquisition of EngineRoom, an AI-powered growth intelligence platform focused on customer acquisition and business optimization.</li>



<li>TaoWeave Inc. (NASDAQ:TWAV) gained 66.90% to $2.37 in pre-market trading, rising from its previous close of $1.42. The company announced an agreement Manako Labs to commercialize its Score AI computer vision platform in the US and Canada.</li>



<li>Foxx Development Holdings Inc. (NASDAQ:FOXX) jumped 63.51% to $4.68 in pre-market trading, compared with its previous close of $2.86.</li>



<li>YY Group Holding Ltd. (NASDAQ:YYGH) rose 50.37% to $0.22090 in pre-market trading, up from its previous close of $0.15. The company announced the launch of its Humanoid Robotics Training Lab in Singapore.</li>



<li>Splash Beverage Group, Inc. (NYSEAMERICAN: SBEV) gained 46.94% to $0.35560 in pre-market trading, rising from its previous close of $0.24. The company provided an update on its NYSE compliance plan.</li>



<li>Republic Power Group Ltd. (NASDAQ:RPGL) climbed 27.39% to $3.86 in pre-market trading, compared with its previous close of $3.03.</li>



<li>Acco Group Holdings Ltd. (NASDAQ:ACCL) advanced 22.29% to $1.81 in pre-market trading, up from its previous close of $1.48.</li>



<li>iOThree Ltd. (NASDAQ:IOTR) rose 21.79% to $4.53 in pre-market trading, compared with its previous close of $3.72.</li>



<li>SU Group Holdings Ltd. (NASDAQ:SUGP) gained 20.51% to $1.41 in pre-market trading, rising from its previous close of $1.17.</li>



<li>Applied Aerospace &amp; Defense Inc. (NASDAQ:AADX) jumped 17.30% to $22.30 in pre-market trading, up from its previous close of $19.01, a after its market debut on Wednesday.</li>
</ul>



Losers



<ul>
<li>Sleep Number Corp. (NASDAQ:SNBR) plunged 65.55% to $0.36690 in pre-market trading, down from its previous close of $1.06, following a Bloomberg report that the company is preparing for a potential bankruptcy filing due to its debt burden.</li>



<li>Hub Cyber Security Ltd. (NASDAQ:HUBC) tumbled 55.53% to $0.28890 in pre-market trading, compared with its previous close of $0.65. The company is implementing a 1-for-20 reverse share split.</li>



<li>ADC Therapeutics SA (NYSE:ADCT) fell 52.93% to $1.45 in pre-market trading, down from its previous close of $3.08, after RBC Capital Markets downgraded the stock from Outperform to Sector Perform, while cutting its price target from $6.00 to $2.00.</li>



<li>Julong Holding Ltd. (NASDAQ:JLHL) dropped 36.65% to $21.82 in pre-market trading, compared with its previous close of $34.44.</li>



<li>Apartment Investment and Management Co. (NYSE:AIV) declined 29.91% to $3.00 in pre-market trading, down from its previous close of $4.28.</li>



<li>Basel Medical Group Ltd. (NASDAQ:BMGL) dropped 20.74% to $0.51990 in pre-market trading, down from its previous close of $0.66.</li>



<li>Netskope Inc. (NASDAQ:NTSK) fell 19.44% to $9.99 in pre-market trading, down from its previous close of $12.40. The company reported first-quarter results that exceeded expectations but announced the departure of CFO Drew Del Matto.</li>



<li>Park Ha Biological Technology Co. Ltd. (NASDAQ:BYAH) declined 17.84% to $1.01 in pre-market trading, compared with its previous close of $1.23.</li>



<li>Wellchange Holdings Co. Ltd. (NASDAQ:WCT) dropped 17.13% to $2.13 in pre-market trading, down from its previous close of $2.57.</li>
</ul>

ADCT

TWAV

HUBCW

HUBC

SNBR

FOXX

CXAI

PVH shares plummeted 21.42% in pre-market trading despite beating Q1 earnings estimates, following an Evercore ISI downgrade. Conversely, CXApp surged over 81% on an AI acquisition, while TaoWeave and Foxx Development also posted significant gains due to strategic partnerships and lab launches. On the losing side, Sleep Number crashed 65.55% amid bankruptcy rumors, Hub Cyber Security fell 55.53% due to a reverse split, and ADC Therapeutics dropped after a rating downgrade.

benzinga_article

ADC Therapeutics SA

TaoWeave

HUB CYBER SECURITY LTD C/WTS 27/02/2028 (TO PUR ORD)

Hub Cyber Security

Sleep Number

Foxx Development

CXApp

Splash Beverage

Republic Power

Acco

iOthree

Julong

Apartment Investment

Basel Medical

Netskope

Park Ha Biological Tech

Wellchange

CXAPP INC C/WTS (TO PUR COM)

FOXX DEVELOPMENT HOLDINGS INC C/WTS 26/09/2029 (TO PUR COM)

SPLASH BEVERAGE GROUP INC C/WTS 15/06/2026 (TO PUR COM)

HUB CYBER SECURITY LTD C/WTS 22/08/2027(TO PUR COM)

Why PVH Shares Are Trading Lower By Over 20%; Here Are 20 Stocks Moving Premarket