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Biggest premarket movers: Planet Fitness, Warner Bros Discovery, Yeti, Airbnb, and others



In the premarket trading session, several companies experienced significant movement in their stock prices. Planet Fitness saw a 7% drop after reporting lower-than-expected revenue for the first quarter. Similarly, Warner Bros. Discovery’s stock fell 4% following a larger-than-expected loss per share and disappointing revenue figures. On the positive side, Robinhood’s shares rose over 5% after the company reported record earnings for the quarter. Yeti also experienced a surge of 12% after beating Wall Street expectations for the first quarter.

Arm, the British chip designer, saw a 7% drop in its shares despite posting better-than-expected results for the fiscal fourth quarter. Klaviyo’s stock rose almost 9% after the marketing automation company reported strong quarterly revenue guidance. Meanwhile, Airbnb’s shares sank more than 7% due to disappointing guidance for the upcoming quarter, even though the company beat expectations for the first quarter. AppLovin saw a 15% increase in its stock price following an earnings and revenue beat postmarket. SolarEdge, however, tumbled over 8% premarket after posting a wider-than-expected loss for the first quarter.

AMC Entertainment’s shares declined by 4% as both revenue and attendance decreased year over year in the first quarter. Duolingo’s stock fell by 14% after the language-learning app provided revenue guidance for the second quarter below analysts’ expectations. On the other hand, Bumble’s stock jumped 11% following an earnings and revenue beat postmarket. Krispy Kreme’s shares rose by 2% after reporting higher revenue for the first quarter than expected. Warby Parker surged 14% on stronger-than-expected earnings in the first quarter, while Tapestry’s shares dropped 3% after reporting lower-than-expected revenue for the third quarter and cutting its full-year revenue estimate.

Roblox experienced a significant decline of over 28% after posting first-quarter bookings below Wall Street’s estimates and revising its annual forecast downwards. Forward Air, a logistics provider, slumped by 36% premarket due to weaker-than-expected results for the first quarter. The challenging market conditions, including weak freight demand and excess carrier capacity, were cited as reasons for the poor performance.

Overall, the premarket trading session saw a mix of positive and negative movements in stock prices for various companies. Investors will be closely monitoring these developments to assess the impact on their investment portfolios and make informed decisions moving forward.

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