Here are the stocks that are making the biggest moves in the Premarket. Check it out for yourself:
Canopy Growth (CGC): The Canadian cannabis producer’s shares rose 1.9% premarket after it posted an unexpected quarterly profit on rising marijuana demand and cost cuts.
Gannett (GCI):Â The company saw digital subscriber numbers jump 41% from a year earlier, and the stock rallied 6.3% in the premarket
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DraftKings (DKNG): The sports betting company’s stock jumped 3.5% premarket. DraftKings saw significant gains in a number of key metrics, including a 26% jump in monthly revenue per user.
Novavax (NVAX): Novavax shares tumbled 11.7% in premarket trading after the drugmaker said it would delay seeking emergency use authorization for its Covid-19 vaccine until the fourth quarter.
Cornerstone OnDemand (CSOD): Cornerstone agreed to be bought out by private equity firm Clearlake Capital Group. Clearlake will pay about $3.8 billion, or $57.50 per share in cash for the cloud computing firm. Cornerstone surged 13.3% in the premarket.
Didi Global (DIDI): Didi gained 4.1% in premarket action, following a Bloomberg report saying the China-based ride-hailing company
Zillow Group (ZG): Zillow reported adjusted quarterly earnings of 44 cents per share, 20 cents above estimates, with the real estate website operator’s revenue above estimates as well.
Virgin Galactic (SPCE): It also announced it will sell seats for space tourism flights at $450,000 and up. The stock was up 3.1% in premarket trading.
Dropbox (DBX): Dropbox shares gained 3.5% in premarket trading after its adjusted earnings of 40 cents per share beat estimates by 7 cents.
Beyond Meat (BYND): Beyond Meat slid 3.7% in premarket action after it reported a quarterly loss of 31 cents per share, 7 cents wider than expected.
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Carvana (CVNA): Carvana shares rallied 11.3% in premarket trading after the online used-car retailer posted an unexpected profit
Zynga (ZNGA): Zynga shares plunged 15.8% in the premarket after the mobile gaming company gave a disappointing full-year forecast, anticipating a slowdown in gaming.