Stocks making the biggest moves premarket: Twitter, Affirm, Robinhood and more
- Date: 13-May-2022
- Source: CNBC
- Sector:Financial Markets
- Country:Middle East
Stocks making the biggest moves premarket: Twitter, Affirm, Robinhood and more
(TWTR) â Twitter tumbled 14.6% in premarket trading after Elon Musk tweeted that his deal to buy the company was , as he awaits details on the number of fake and spam accounts on the platform. (AFRM) â Affirm reported a quarterly loss of 19 cents per share, smaller than the 51 cent loss that analysts were anticipating, with the fintech company's revenue beating forecasts. Affirm also raised its full-year revenue outlook and announced the extension of its ongoing partnership with e-commerce platform operator . The stock rocketed 33.8% higher in the premarket. (HOOD) â Robinhood soared 22.4% in premarket trading after Sam Bankman-Fried â who founded cryptocurrency exchange FTX â revealed a 7.6% stake in a regulatory filing. The purchase makes him the third largest shareholder in the trading platform company. (TOST) â Toast added 3.2% in the premarket after the restaurant-focused technology platform company reported a smaller than expected quarterly loss as well as revenue that beat Street forecasts. It also raised its full-year revenue forecast, as more restaurants adopt Toast's technology. (MSTR) â MicroStrategy rallied 13.9% in premarket action in what's been a volatile week for the business analytics company. MicroStrategy, which has extensive bitcoin holdings, saw