By George Glover

Stock futures were struggling for direction on Wednesday as the war in the Middle East raged on.

These stocks were making moves in premarket trading:

Oracle was the S&P 500's best performer ahead of the opening bell, jumping 10% after the software company's third-quarter earnings and revenue topped analysts' expectations. Oracle's guidance for the current quarter was in line with expectations.

Diamondback Energy dropped 2.7%, making it the S&P 500's worst performer. The oil-and-gas company announced an offering of 11 million shares by a selling stockholder, a position valued at about $1.96 billion as of Tuesday's close.

Nike climbed 1.8% to $57.07. Barclays upgraded the sportswear retailer to Overweight from Equalweight and raised its price target to $73 from $64, according to multiple reports.

Ares Management fell 1% and Blue Owl Capital slid 0.6% after multiple reports said that JPMorgan Chase would restrict some lending to private credit funds, the latest worry for the struggling industry. JPMorgan didn't immediately respond to a request for comment from Barron's.

AeroVironment tumbled 9.6% after the drone maker missed analysts' adjusted earnings target for the fiscal third quarter and cut its full-year guidance.

Kosmos Energy plunged 15% to $2.04 after the oil company priced a sale of 97.5 million shares at $1.90 per share. Kosmos intends to use the proceeds from the sale to repay debt.

Campbell's, Serve Robotics, Sprinklr, and UiPath are all set to report earnings on Wednesday.

Write to George Glover at george.glover@dowjones.com

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March 11, 2026 05:59 ET (09:59 GMT)

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