Robinhood, eBay, Upstart And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session
Portfolio Pulse from Lisa Levin
Several US stocks traded lower in Wednesday's pre-market session. Sleep Number Corporation (SNBR), Nerdy, Inc. (NRDY), Upstart Holdings, Inc. (UPST), Toast, Inc. (TOST), Magic Software Enterprises Ltd. (MGIC), Flywire Corporation (FLYW), Spirit AeroSystems Holdings, Inc. (SPR), Array Technologies, Inc. (ARRY), Masimo Corporation (MASI), Cardlytics, Inc. (CDLX), Bumble Inc. (BMBL), eBay Inc. (EBAY), Robinhood Markets, Inc. (HOOD), Coupang, Inc. (CPNG), and Sumitomo Mitsui Financial Group, Inc. (SMFG) all recorded losses. Most of these losses were due to weak financial results or forecasts.
November 08, 2023 | 10:58 am
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NEGATIVE IMPACT
Array Technologies, Inc. declined 11.7% in pre-market trading following weak quarterly sales.
The company's weak quarterly sales led to a significant drop in its stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
Bumble Inc. declined 7.6% in pre-market trading following weak quarterly sales.
The company's weak quarterly sales led to a significant drop in its stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
Cardlytics, Inc. dropped 8.6% in pre-market trading.
The company's stock price dropped significantly in pre-market trading.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
Coupang, Inc. declined 6.9% in pre-market trading after reporting Q3 financial results.
The company's Q3 financial results led to a significant drop in its stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
eBay Inc. declined 7.5% in pre-market trading despite posting upbeat earnings for its third quarter. The company said it sees fourth-quarter earnings of $1.00 to $1.05 per share on revenue of $2.47 billion to $2.53 billion.
Despite upbeat Q3 earnings, the company's stock price declined due to its Q4 earnings forecast.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
Flywire Corporation declined 17.3% in pre-market trading after reporting Q3 financial results.
The company's Q3 financial results led to a significant drop in its stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
Robinhood Markets, Inc. fell 7.5% in pre-market trading following Q3 results.
The company's Q3 results led to a significant drop in its stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
Masimo Corporation fell 10.1% in pre-market trading after reporting mixed Q3 financial results.
The company's mixed Q3 financial results led to a significant drop in its stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
Magic Software Enterprises Ltd. shares fell 18.4% in pre-market trading.
The company's stock price fell significantly in pre-market trading.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
Nerdy, Inc. shares tumbled 27.7% in pre-market trading after issuing a weak revenue forecast.
The company's weak revenue forecast led to a significant drop in its stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
Sumitomo Mitsui Financial Group, Inc. fell 5.5% in pre-market trading.
The company's stock price fell significantly in pre-market trading.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
Sleep Number Corporation shares dipped 31.4% in pre-market trading after reporting Q3 financial results.
The company's Q3 financial results led to a significant drop in its stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
Spirit AeroSystems Holdings, Inc. fell 14.3% in pre-market trading as the company reported a proposed public offering of Class A common stock and a proposed private offering of exchangeable senior notes.
The company's proposed public offering of Class A common stock and a proposed private offering of exchangeable senior notes led to a significant drop in its stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
Toast, Inc. shares dipped 18.7% in pre-market trading after reporting Q3 financial results.
The company's Q3 financial results led to a significant drop in its stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
Upstart Holdings, Inc. shares declined 22.7% in pre-market trading after reporting worse-than-expected Q3 financial results.
The company's worse-than-expected Q3 financial results led to a significant drop in its stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100