Stocks making the biggest moves premarket: Lyft, SolarEdge, Qualcomm, Moderna and more
Take a look at the businesses making waves in premarket trading.
Lyft — The ridesharing company’s shares saw an impressive 23% hike due to a robust forecast for the fourth quarter. The company is gearing up for bookings in the range of $4.28 billion to $4.35 billion, surpassing the $4.23 billion forecast from FactSet analysts.
Arm Holdings — Despite a commendable performance in the second quarter, the semiconductor company’s shares dropped around 7%.
Wolfspeed — The semiconductor manufacturer’s stocks took a beating with a slump of over 25% following a revenue shortfall and a less-than-optimistic outlook.
Take-Two Interactive Software — The gaming company saw its shares climb over 4% due to its superior-than-anticipated Q2 revenue of $1.47 billion.
HubSpot — The customer platform company’s strong Q3 results fueled a 7% rise in premarket trading shares.
SolarEdge — The solar panel inverter company’s shares declined over 16% following Q3 revenue shortfall.
Dutch Bros — The coffee chain’s shares surged 18% fueled by strong Q3 results.
Bumble — The online dating company’s shares dipped nearly 6% after announcing a Q3 loss.
Duolingo — Despite robust Q3 results, the language learning app’s shares fell by 5%.
AppLovin — The software company’s shares shot up 32% following strong Q3 results.
Match Group — Mixed Q3 results led to a 14% pullback in shares for the dating platform company.
Qualcomm — The chipmaker’s robust earnings and guidance drove a 5% premarket jump in shares.
E.l.f. Beauty — Shares in the cosmetics company rose over 7% as it raised its full-year profit and revenue forecast.
Zillow — Shares in the real estate marketplace surged over 13% after outperforming Wall Street Q3 predictions.
Gilead Sciences — The biopharmaceutical company’s shares climbed around 2% following an uplifting full-year earnings guidance.
Moderna — The company’s shares rallied 7% after outperforming Q3 earnings and revenue expectations.
Under Armour — The sportswear company’s shares soared 25% after strong Q2 results.
Hershey — The chocolate company’s shares slid over 3% following a weak Q3 performance.