IRobot, DraftKings, Zillow, Lyft, AMC, and Other Stock Market Movers #IRobot #DraftKings #Zillow #Lyft #AMC #Stock #Market #Movers Welcome to Lopoid
Corporate earnings were the main factor driving moves in individual stocks early on Friday. The (Photo by Spencer Platt/Getty Images)
Stock futures were lower Friday as investors responded to news that hiring in July was far stronger than expected.
Dow Jones Industrial Average
futures were down 0.4%,
futures were off 0.7%, and
futures fell 0.9%.
Here are the key stocks making moves in premarket trading.
Stock in iRobot Corporation (IRBT) stock rose 19% to $59.45 in response to news that Amazon.con (AMZN) will acquire the company for $1.7 billion.
(ticker: TSLA) was falling modestly after shareholders approved a 3-for-1 stock split. The electric-vehicle company didn’t specify when the split would go into effect.
(LYFT) surged 5.2% after the ride-hailing company posted a 30% jump in second-quarter revenue to $991 million. The number of active riders in the quarter rose 31.9% from a year earlier.
Corteva (CTVA) stock was up 0.5% after the company reported a profit of $1.64 a share, beating estimates of $1.46 a share, on sales of $6.25 billion, above expectations for $6.08 billion. Higher prices helped drive the sales result. Barron’s recommended the stock in late July, noting that the company is improving the technology of its agriculture chemical offerings, which it makes it competitive against peers. The stock is up 0.8% since the recommendation.
Synaptics (SYNA) stock has gained 1.4% after the company reported a profit of $3.87 a share, beating estimates of $3.67 a share, on sales of $476.6 million, above expectations for $472.7 million. Barron’s recommended the stock in February, arguing that the company has strong growth ahead in its internet of things business. The stock is down 31% since then.
Jamf Holding (JAMF) stock has risen 5.2% after the company reported a profit of 3 cents a share, beating estimates of 2 cents a share, on sales of $115.6 million, above expectations for $113.2 million. Barron’s recommended the stock in March, arguing that companies are still rapidly adopting Jamf’s software to protect their
devices. The stock is down 14% since the recommendation.
Progyny (PGNY) stock has jumped 17% after the company reported a profit of 9 cents a share, beating estimates of 1 cent a share, on sales of $195 million, above expectations for $190.5 million. Barron’s recommended the stock in April, arguing that rapid growth is ahead as more companies adopt
low-cost health plan for infertility benefits. The stock is down 18% since the recommendation.
(SQ) slumped 7.6% after the company said
revenue at its Cash App unit dropped 34% in the second quarter. The fintech’s second-quarter adjusted earnings of 18 cents a share beat analysts’ estimates by 2 cents.
(AMC) fell 8.8% early Friday after the movie-theater company said it was giving shareholders a special dividend of AMC Preferred Equity Units. AMC CEO Adam Aron said the preferred dividend, to be listed on the New York Stock Exchange under the ticker symbol “APE” is “perhaps the single biggest action we will take in all of 2022 to fundamentally strengthen AMC for the long term.”
(BYND) fell 3.6% after the plant-based meat company lowered its revenue outlook for the full year.
(DASH) surged 11% after the food-delivery service posted better-than-expected second-quarter results and significantly raised its full-year guidance.
(EXPE) second-quarter results beat analysts’ estimates. Shares of the online travel agency rose 6.2%.
(Z) issued a third-quarter revenue outlook well below expectations. Shares of the real estate listings website sank 8.5% early Friday.
(CVNA) rose 8.4% after the company recorded a loss of $439 million in the second quarter, narrower than the previous quarter’s loss of $506 million. Second-quarter sales volume of 117,564 vehicles rose from 105,185 during the prior quarter and up from 107,815 a year earlier.
(NET) surged 20% in premarket trading after the web security provider raised its full-year revenue guidance.
(SPCE) were down 14% after the space tourism company pushed back the launch of commercial service to the second quarter of 2023.
(DKNG) surged 9.4% after raising fiscal 2022 guidance.
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