Novavax, GoodRx, Allbirds and extra
Check out among the greatest movers within the premarket: Novavax (NVAX) – The drugmaker’s inventory
Check out among the greatest movers within the premarket:
Novavax (NVAX) – The drugmaker’s inventory plummeted 32.3% within the premarket after posting an surprising quarterly loss and reducing its full-year income steering in half. Novavax mentioned it didn’t count on any additional U.S. gross sales of its Covid-19 vaccine this yr amid delicate demand and a provide glut.
GoodRx (GDRX) – GoodRx soared 39.6% in premarket buying and selling after the supplier of prescription drug comparability software program reported better-than-expected quarterly outcomes, and likewise mentioned a problem with a serious grocery chain had been resolved.
Allbirds (BIRD) – The sneaker maker’s shares dived 11.8% within the premarket after it lower its full-year forecast, with the corporate saying exterior headwinds may strain client spending within the again half of 2022.
Micron Expertise (MU) – The chip maker mentioned it anticipated destructive free money circulation for the present quarter, in addition to declines in income and revenue margins. Chip shipments are falling attributable to weakening demand from PC and online game firms. Micron misplaced 3.7% in premarket motion.
Take-Two Interactive (TTWO) – Take-Two fell 3.4% within the premarket after the online game writer issued a weaker-than-expected income forecast. Take-Two is the newest firm to see its outcomes impacted by a normal slowdown in gaming following a pandemic-era increase.
Occidental Petroleum (OXY) – The power producer’s inventory added 2.3% within the premarket following information that Berkshire Hathaway (BRK.B) had elevated its stake in Occidental to greater than 20%. That signifies that Berkshire can report a part of Occidental’s earnings as its personal.
Signet Jewelers (SIG) – The jewellery retailer introduced a deal to purchase on-line jewellery vendor Blue Nile for $360 million in money. Signet shares added 2% within the premarket.
Upstart (UPST) – Upstart inventory tumbled 12.2% in premarket buying and selling after the cloud-based lending platform firm missed Wall Avenue’s estimates on each the highest and backside strains for its newest quarter. It additionally issued a weaker-than-expected income forecast, saying that banking companions have turned extra cautious as a result of unsure economic system.
CarGurus (CARG), Vroom (VRM) – Each on-line used automotive sellers noticed their shares plunge in premarket motion after reporting weaker-than-expected quarterly outcomes. CarGurus sank 14.9% whereas Vroom slid 11.4%.
SoFi (SOFI) – The net monetary companies firm’s inventory fell 3.4% in premarket buying and selling after Japan’s SoftBank mentioned it might some or all of its 9% stake in SoFi.