Today's pre-market stock movers: BYND, DIS, F, GM and more
Gainers:
• $Cullinan Therapeutics(CGEM.US$ +22.4% (Cullinan Management and Taiho Pharmaceutical to collaborate to jointly develop and commercialize CLN081/TAS6417 and Taiho's acquisition of Cullinan Pearl)
• $Bumble(BMBL.US$ +10.4%(the dating-service operator reported quarterly results that exceeded analyst estimates)
• $WeWork(WE.US$ +9.8%(The office-sharing company reported revenue that exceeded its prior guidance, plus a quarterly loss that was 37% lower than in the prior quarter, as well as its best gross sales since the first quarter of 2020)
• $Rivian Automotive(RIVN.US$ +3.8% (The electric vehicle maker maintained its 2022 production forecast, saying it expected supply chain issues to ease later this year)
• $Celanese Corp(CE.US$ +5% (confirms declaration of force majeure for certain Acetyl Chain and Acetate lbw products)
Analyst comments:
• $Atlantica Sustainable Infrastructure(AY.US$ +1.4% (upgraded to Buy from Neutral at BofA Securities)
Losers:
• $Beyond Meat(BYND.US$ -27.6% (the maker of plant-based meat alternatives reports a larger than expected quarterly loss and revenue which fell shy of analyst estimates)
• $Twitter (Delisted)(TWTR.US$ -1.9% (regulators looking at Elon Musk's late disclosure according to WSJ)
Analyst comments:
• $Capital One Financial(COF.US$ -2.5% (downgraded to Underperform from Peer Perform at Wolfe Research)
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SpyderCall : Everything is getting clobbered
Hani Ayyash SpyderCall: Exactly what I was thinking lmao
obliging Wolf_5187 : Automotive companies in the dumps too.