June 24 Premarket Movers: Sunrun Surges ~19%, Cerebras and Hertz Lead the Selloff
Sunrun surged ~19% premarket on June 24 while KB Home gained ~3% on a Q2 revenue beat. On the downside, Cerebras dropped ~11% on its first post-IPO earnings — guiding for gross margin contraction — and Hertz cratered ~22% as tech led the market lower.
Several stocks made sharp premarket and intraday moves on Wednesday, June 24. Top gainers included solar company Sunrun and homebuilder KB Home; top decliners included AI chip maker Cerebras and rental car company Hertz (HTZ). KB Home's and Cerebras's moves were directly tied to their latest earnings.
- Sunrun (RUN) up ~19.1% premarket; Churchill Downs (CHDN) up ~7%[TheStreet]
- Homebuilder KB Home up ~3%; Q2 revenue of $1.11B edged past the $1.10B analyst consensus[Yahoo Finance]
- AI chip maker Cerebras (CBRS) fell ~11%; first earnings since its May IPO included guidance for gross margin contraction
- Hertz (HTZ) fell ~22% premarket; Silgan (SLGN) fell ~9.5%
- Tech was among the worst-performing sectors on the day
On Wednesday, June 24, a number of stocks posted sharp premarket and intraday moves. Per TheStreet and Yahoo Finance, top gainers included solar company Sunrun (RUN), homebuilder KB Home, and horse-racing and gaming company Churchill Downs (CHDN); top decliners included AI chip maker Cerebras (CBRS) and rental car company Hertz (HTZ). Several of the moves were directly tied to earnings.[TheStreet]
Top Gainers
- Sunrun (RUN): up ~19.1% premarket, one of the day's biggest movers (no specific catalyst cited in media reports)
- Churchill Downs (CHDN): up ~7% premarket
- KB Home: up ~3%. Per Yahoo Finance, the homebuilder reported Q2 revenue of $1.11B, edging past the $1.10B analyst estimate[Yahoo Finance]
Top Decliners
- Cerebras (CBRS): fell ~11%, per Yahoo Finance. The AI chip company was reporting its first earnings since its May IPO and guided for gross margin contraction; shares were down ~9% premarket at one point[Yahoo Finance]
- Hertz (HTZ): fell ~22% premarket (no specific catalyst cited in media reports)
- Silgan Holdings (SLGN): fell ~9.5% premarket
Per Yahoo Finance, tech was among the worst-performing sectors on the day, down ~3.66%.[Yahoo Finance]
Disclaimer & What to Watch
A few caveats: some of the figures above reflect premarket data. Premarket volume is typically thin and volatility elevated, so these numbers may not match the opening or closing print. For stocks where no catalyst was cited, more context may emerge from company filings or follow-up coverage. Watch the full earnings details from KB Home and Cerebras, as well as the broader tech sector's trajectory. All figures and attributed catalysts in this article are based on media reports; official exchange data and company filings take precedence.
Sources
This content is for informational purposes only and does not constitute investment advice, trading advice, or any guarantee of returns.
