Stocks making the biggest moves premarket: Unity Software, Cava, Zoom Video, Viking Therapeutics and more
Pavlo Gonchar | Lightrocket | Getty Images
Discover the latest pre-market trends from the business world:
Unity Software’s stock declined by 15% due to disappointing Q1 EBITDA forecasts that are well below the analysts’ expectations.
Workday’s stock dropped by 5%, despite reporting Q4 adjusted earnings of $1.57 per share, beating the $1.47 analysts expected.
Zoom Video’s shares rose 12% following an impressive fiscal Q4 report that surpassed expectations.
CarGurus‘ stock decreased by 13% despite exceeding analysts’ Q4 earnings and revenue expectations, due to poor guidance for the current quarter.
Hims & Hers’ shares jumped by 19% after outperforming analysts’ Q4 earnings and revenue expectations and presenting an optimistic Q1 outlook.
Macy’s stock fell by 3% after announcing slightly lower-than-expected quarterly revenue and projecting a year of static sales.
Lowe’s shares dropped by about 2% even after outperforming expected earnings, as the company anticipates a dip in sales during the current fiscal year.
AutoZone’s shares grew by 3% after their fiscal Q2 earnings and revenue surpassed expectations.
Cava’s stock rose by 8% following a Q4 earnings and revenue beat, along with full-year guidance EBITDA that exceeded expectations.
Roku’s shares fell by 2.5% following a downgrade to ‘underweight’ by Wells Fargo due to potential growth constraints.
PPG Industries’ shares fell slightly after Barclays downgraded the firm to ‘equal weight,’ citing concerns over their North American architectural business.
Viking Therapeutics’ shares skyrocketed over 100% following their announcement of successful Phase 2 trial results for an anti-obesity drug, paving the way for discussions with the FDA about next steps.
