Today's Pre-Market Stock Movers: SIVB, BIRD, DOCU, ORCL and More
Gapping up
$Roblox (RBLX.US)$ +2% (Jefferies upgraded Roblox to buy from hold. The Wall Street firm said it's confident the online gaming platform will continue to show strong growth in spite of macro pressures.)
Gapping down
$SVB Financial (SIVB.US)$ -65% (The Silicon Valley Bank Thursday announced a plan to raise more than $2 billion in capital to help offset losses on bond sales. The news weighed on the entire banking sector for a second day, with $First Republic Bank (FRC.US)$ losing 7.5% in the premarket and crypto focused $Signature Bank (SBNY.US)$ down 4%. $Zions Bancorp NA (ZIONN.US)$ fell 2%.)
$Allbirds (BIRD.US)$ -22% (The footwear retailer failed to post year-over-year quarterly sales growth for the first time in its history. Allbirds also unveiled a broad transformation strategy and an executive shake-up.)
$DocuSign (DOCU.US)$ -14% (The electronic signature platform reported an earnings and revenue beat. However, DocuSign announced CFO Cynthia Gaylor would step down later this year. The stock was also downgraded by JPMorgan to underweight from neutral. The firm cited deteriorating demand trends, potential competition from Microsoft and Gaylor's departure.)
$Oracle (ORCL.US)$ -4.9% (The software company's revenue for its latest quarter missed analysts’ expectations. Oracle posted $12.4 billion, compared with Wall Street's estimates of $12.42 billion, according to Refinitiv.)
$Gap Inc (GPS.US)$ -7% (The apparel retailer announced a big quarterly loss, declining sales and a series of executive changes. It also issued weaker-than-expected guidance for its first quarter and full-year revenue, according to Refinitiv.)
$Vail Resorts (MTN.US)$ -2% (The company reported a mixed financial report for its second fiscal quarter and weak guidance that included earnings that fell short of analysts' estimates. The company's guidance on net income and adjusted EBITDA for the year leading up to July also came in under analysts' expectations.)
Source: Dow Jones, CNBC
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faithful Platypus_20 : how do i submit my proxy vote for AMC and APE stock.