Inverse Zone

Gaming and Tech news

Disney, DoorDash, Snowflake, Fisker and more


Take a look at some of the biggest players in the pre-market:

Walt disney (DIS) – Disney shares fell 3.9% in pre-market trading after growth figures from streaming service Disney + did not respond to Wall Street forecasts. Disney reported better-than-expected earnings for the first quarter, but revenue was below analysts’ expectations.

DoorDash (DASH) – DoorDash jumped 8.2% on pre-market after First quarter revenue exceeded analysts’ forecast, and the food delivery service raised its annual forecast for order value. First-quarter results were boosted by stimulus checks, although the company said those same checks were responsible for drivers working fewer hours.

Snowflake (SNOW) – The cloud computing company has been upgraded to ‘buy’ to ‘neutral’ at Goldman Sachs, noting Snowflake’s strong competitive position, as well as a drop from recent highs much larger than those of his peers. Snowflake jumped 5.7% in pre-market trade.

Airbnb (ABNB) – Airbnb posted a loss in the first quarter, but it also reported better-than-expected earnings as well as a 52% rise in gross bookings as more Americans received Covid-19 vaccines and travel restrictions were relaxed.

Coinbase (COIN) – Coinbase declared record profit during the first quarter, as the cryptocurrency exchange benefited from a significant rally in bitcoin and other digital currencies. Shares of Coinbase rose 2.3% in pre-market share.

Kansas City South (KSU) – US-based rail operator agreed National Railway of Canada (CNI) $ 33.6 billion takeover bid, canceling the $ 29 billion deal it had previously agreed to Canadian Pacific Railway (CP). Canadian Pacific has five business days to make a counter-offer for Kansas City Southern. Canadian National added 2.9% to pre-market trade, while Canadian Pacific increased 1.6%.

Tyson Foods (TSN) – Beef and poultry producer sold his pet treats business to General Mills (SIG) for $ 1.2 billion. The sale includes the Nudges, Top Chews and True Chews brands as well as a production facility in Iowa.

General Electric (GE) – Citi restored GE coverage with a “buy” rating, based on a “sum of the parts” assessment and best execution across GE’s portfolio of businesses. Shares of GE added 1.1% in pre-market trading.

Cannabis Aurora (PBR) – Aurora Cannabis fell 8.7% pre-market after reporting lower than expected third quarter revenue, hit by pandemic restrictions in Canada. In addition, the cannabis producer announced a transfer of its US listing to the Nasdaq from the New York Stock Exchange, citing lower costs.

Fisker (FSR) – Fisker climbed 14.5% in pre-market trading after the electric car maker signed an agreement with contract maker Foxconn to co-develop electric vehicles. Plans include opening a new manufacturing facility in the United States in 2023, although a location has yet to be finalized.

Poly (PLT) – Poly fell 19.5% in the pre-market after the audio and video maker posted weaker-than-expected outlook. The company formerly known as Plantronics has said it expects the global semiconductor shortage to negatively impact its supply chain. It did, however, announce better-than-expected earnings and revenues for its final quarter.

Unity software (U) – The 3D content creation platform company was up 3.2% in the pre-market after Oppenheimer upgraded its stock to “outperform” to “outperform.” Oppenheimer said the current price is an attractive entry point given Unity’s growth prospects.



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