Stocks making the biggest moves premarket: Hershey, Meta Platforms, Arm Holdings, Shake Shack and more

These are the companies that have been making major moves before the market opens:

Hershey’s shares took a 7% dive before the market opened due to a second-quarter earnings report that fell short of analysts’ expectations. The renowned chocolate company made $1.27 per share, falling below the projected profit of $1.43 per share.

Keep an eye on Amazon’s stocks, which were seen to rise by 2% before its second-quarter results reveal which will happen after the market closes on Thursday.

Despite mixed quarterly results, Etsy’s stock experienced a slight drop of 1%. While the company exceeded revenue predictions, the adjusted earnings fell short of the anticipated 45 cents per share.

Grab a burger as shares of Shake Shack rose by almost 9% before market hours, following an impressive second-quarter report that exceeded estimates.

Tech titan Meta enjoyed an almost 8% rise in shares in premarket trading, thanks to a second-quarter report that beat predictions, indicating a promising forecast for the current period.

Moderna’s shares took a nearly 11% plunge following an adjusted full-year sales forecast announcement.

Chipmaker Arm Holdings experienced a 9% drop in shares, following a dismal earnings forecast.

Telehealth service provider, Teladoc, saw their shares fall by more than 19% after their second-quarter revenue of $642 million fell short of estimates.

Ferrari’s shares raced ahead with a gain of over 4%, following a victorious second-quarter earnings report that outstripped predictions.

MGM Resorts shares fell by 3%, despite a second-quarter report that surpassed expectations.

Shares of logistics company C.H. Robinson climbed by over 10% due to a second-quarter earnings report that exceeded expectations, even though revenue was slightly under.