Warner Bros, Bumble, Robinhood are in pre-market; The Rise of Rivian, Upwork, and Take Two by Investing.com

Warner Bros, Bumble, Robinhood are in pre-market;  The Rise of Rivian, Upwork, and Take Two by Investing.com

Investment.com | Author Peter Nurse

Posted on November 08, 2023 at 07:49 AM ET

Investing.com – US futures remained flat on Wednesday, as investors awaited a speech by Federal Reserve Chairman Jerome Powell that could provide clues about future monetary policy.

Here are some of the biggest movers of US stocks in the pre-market today:

  • Discover Warner Bros (NASDAQ:WBD) stock fell 1.7% after the media giant trimmed its third-quarter losses, helped by the box office success of “Barbie,” but still saw a 12% decline in advertising in its portfolio of TV networks.

  • stutter (NASDAQ:BMBL) stock fell 6.2% after the online dating company forecast fourth-quarter revenues below expectations in a sign that steady inflation and increased competition are weighing on users’ spending on its apps.

  • Robin Hood (NASDAQ:HOOD) stock fell 9.2% after the online brokerage reported third-quarter revenue that fell short of estimates amid a decline in users.

  • cocky (NASDAQ:UPST) stock fell more than 27% after the AI ‚Äč‚Äčlending platform disappointed with its quarterly results, while revenue guidance for the upcoming quarter fell short of expectations.

  • Rivian (NASDAQ:RIVN) stock rose 8.8% after the electric vehicle manufacturer raised its full-year production forecast by 2,000 vehicles to 54,000 units on the back of continued demand for its trucks and SUVs.

  • Even work (NASDAQ:UPWK) stock rose more than 22% after the freelancing platform beat expectations with its third-quarter earnings and revenue, while also providing strong full-year guidance.

  • Gilead Sciences (NASDAQ:GILD) stock fell 2% after the drug company said its third-quarter sales were little changed from a year earlier, but profits rose mainly because of lower taxes.

  • Lucid Collection (NASDAQ:LCID) stock fell 5.1% after Cantor Fitzgerald downgraded the electric vehicle manufacturer to “neutral” from “buy” after the company reported third-quarter results and lowered its full-year production forecast.

  • Take two (NASDAQ:TTWO) stock rose 9.5% on reports that a long-awaited new Grand Theft Auto game might be unveiled this week.

  • Toast (NYSE:TOST) stock fell 17% after the restaurant software platform reported another quarterly loss and provided disappointing sales guidance for the upcoming quarter.

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