Today's pre-market stock movers: AMD, SBUX, ABNB, MRNA and more
Gainers:
• $Livent(LTHM.US$ +22.58% (it posted better-than-expected quarterly earnings and raised its 2022 revenue forecast)
• $BlueLinx Holdings(BXC.US$ +9.7% (increases share repurchase authorization to $100 mln; enters into $60 mln accelerated repurchase agreement)
• $Starbucks(SBUX.US$ +7.18% (matched estimates with an adjusted quarterly profit of 59 cents per share, and revenue slightly above estimates.)
• $Advanced Micro Devices(AMD.US$ +6.44% (AMD's earnings outlook expected to give a clearer picture of where the chip sector is headed)
• $Airbnb(ABNB.US$ +5.3% (Airbnb posted a quarterly loss of 3 cents per share, narrower than the 29-cent loss analysts were anticipating)
• $Compass Therapeutics(CMPX.US$ +4.7% (reports additional interim results from a Phase 2 study of CTX-009 in combination with paclitaxel in patients with biliary tract cancers)
• $Moderna(MRNA.US$ +3.73% (Moderna stock was jumping after the maker of a Covid-19 vaccine's earnings crushed analyst estimates.)
• $Northern Oil & Gas(NOG.US$ +2.1% (increases dividend; increases share repurchase authorization to $150 mln)
• $Sunnova Energy International(NOVA.US$ +1.8% (launches fixed discount offering for solar customers)
Analyst comments:
Losers:
• $Kezar Life Sciences(KZR.US$ -31.82% (announces topline results from PRESIDIO Phase 2 trial of zetomipzomib)
• $Lyft Inc(LYFT.US$ -26% (the ride-hailing company said it would increase spending to attract more drivers, leading to an earnings forecast that fell short of Wall Street predictions)
• $Tupperware Brands(TUP.US$ -21.1% (it missed top and bottom-line estimates for its latest quarter and withdrew its full-year forecast. the company cited uncertainty related to the Russia/Ukraine conflict as well as fundamental changes being made to its business)
• $Bright Horizons Family Solutions(BFAM.US$ -10.6% (also to acquire Only About Children for $320 mln)
• $Uber Technologies(UBER.US$ -1% (reported a quarterly loss and revenue that beat estimates. Uber saw ride volumes increase during the quarter while food deliveries also continued to grow)
Analyst comments:
• $Teva Pharmaceutical Industries(TEVA.US$ -3.8% (downgraded to Underweight from Neutral at Piper Sandler)
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
Read more
Comment
Sign in to post a comment
BomTradyTrades : Uber is a good pick up here.