"Market Movers: Adobe Slides, Ulta Falls, Rivian Rises"

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Source: Investing.com
TL;DR Summary

Adobe, Ulta Beauty, and Hibbett Sports fell in premarket trading after issuing weaker-than-expected guidance and missing analysts' expectations, while Rivian rose after an upgrade from Piper Sandler. Madrigal Pharmaceuticals saw a 25% jump in stock after FDA approval of its drug, and Smartsheet stock fell 10% due to a revenue outlook that missed estimates.

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