Stocks making the biggest moves premarket: Lyft, Robinhood, Zillow, Kraft Heinz and more

Glance at the firms making waves in the early trading hours:

Lyft – The stock soared by 21% as the ride-hailing company reported better-than-projected Q4 results and offered an upbeat outlook. Lyft recorded adjusted earnings of 18 cents per share, surpassing the LSEG consensus estimate of 8 cents per-share earnings. The company’s $1.22 billion revenue matched analysts’ forecasts.

Robinhood Markets – The investing platform witnessed approximately 16.5% growth in shares after exceeding Q4 earnings and revenue expectations. Robinhood earned 3 cents per share on $471 million in revenue, surpassing analysts’ predictions of a 1 cent per share loss on $457 million revenue.

Angi – This home services platform saw stocks jump 7% post reporting a smaller-than-anticipated quarterly defeat. Angi registered a Q4 loss of 1 cent per share, lesser than the projected 2 cents per share loss by analysts.

DaVita – The healthcare company’s shares rose above 7% as DaVita exceeded profit and revenue figures for the fourth quarter.

Zillow Group – The real estate marketplace saw a premarket increase of over 5% in shares after posting earnings of 20 cents per share on $474 million revenues, thus exceeding analysts’ projections.

Kraft Heinz – The food company’s shares declined over 1% as Q4 revenue fell short of expectations, reporting $6.86 billion in comparison to LSEG consensus estimate of $6.99 billion.

Akamai Technologies – The server network provider saw shares plunge by 5.4% post missing Q4 revenue expectations set by analysts.

GoDaddy – Despite Q4 revenue matching expectations, shares of the web hosting company dropped about 2%.

SentinelOne – The cybersecurity stock escalated 6.2% in premarket trading after a Bank of America upgrade citing positive momentum.

Crypto stocks – Companies linked to Bitcoin performance surged as the cryptocurrency achieved a new all-time high and regained its market cap of $1 trillion.

Airbnb – Despite reporting strong revenue and positive outlook, the vacation rental platform’s shares dipped 4%.

Upstart – The online lender’s shares fell by 14% even after reporting a narrower adjusted loss per share in Q4 than expected.

Wingstop – The restaurant stock grew by nearly 3% as Bernstein initiated coverage with an outperform rating.

MGM Resorts International – Shares of the casino operator dipped over 3% despite surpassing fourth-quarter expectations.

Topgolf Callaway Brands – Shares of the golf company fell 3% after issuing a first-quarter revenue projection that fell short of expectations.

Ecolab – The food safety company’s shares dipped by 1.6% after JPMorgan downgraded the rating, citing recent outperformance.