Take a look at some of the biggest drivers in the currency markets:
Novavax (NVAX) – The drugmaker’s shares plummeted 32.3% in money markets after posting an unexpected quarterly loss and cutting full-year revenue in half. Novavax said it does not expect any more sales of the Covid-19 vaccine in the US this year amid low demand and oversupply.
GoodRx (GDRX) – GoodRx rallied 39.6% in pre-market trading after the prescription drug comparison software provider reported better-than-expected quarterly results and pointed to an issue with a chain store Large groceries have been solved.
Allbirds (BIRD) – The sneakers maker’s stock fell 11.8% in the crypto market after cutting its full-year forecast, with the company saying external headwinds could weigh on force on consumer spending in the second half of 2022.
Micron Technology (MU) – The chipmaker said it expects negative free cash flow in the current quarter, as well as falling profit margins and revenue. Chip shipments are declining as demand from PC and video game companies weakens. Micron lost 3.7% in pre-market trading.
Take-Two . interaction (TTWO) – Take-Two fell 3.4% in the crypto market after the video game publisher issued a weaker-than-expected revenue forecast. Take-Two is the latest company to find its results hit by a general slowdown in the gaming sector following a pandemic-era boom.
Mysterious Oil (OXY) – Energy producer shares rose 2.3% in money markets following news that Berkshire Hathaway (BRK.B) increased its stake in Occidental to more than 20%. That means Berkshire can record a portion of Occidental’s profits as its own.
Signet Jewelers (SIG) – The announced jewelry retailer Blue Nile online jewelry seller purchase agreement for $360 million in cash. Signet stock added 2% in money markets.
Start up (UPST) – Shares of the startup fell 12.2% in pre-market trading after the cloud-based lending platform company ignored Wall Street estimates for both profit and profit for the latest quarter. . It also gave a weaker-than-expected revenue forecast, saying banking partners were more cautious due to economic uncertainty.
CarGurus (CARG), Vroom (VRM) – Online used car sellers both saw their shares plunge in sales before reporting weaker-than-expected quarterly results. CarGurus is down 14.9% while Vroom is down 11.4%.
SoFi (SOFI) – Shares of the online financial services company fell 3.4% in pre-market trading after Japan’s SoftBank said it would buy part or all of its 9% stake in SoFi. .
