DraftKings, Zillow, Lyft, AMC and Other Stock Market Movers

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Stock futures were wavering Friday ahead of the closely watched US jobs report.

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Contracts linked to the Dow Jones Industrial Average rose 0.1%, S&P 500 futures were down 0.03% and Nasdaq futures slipped 0.1%.

Here are some stocks making moves in premarket trading Friday.

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Tesla (ticker: TSLA) was falling modestly after shareholders approved a 3-for-1 stock split. The electric-vehicle company didn’t specify when the split would go into effect.

Lyft (LYFT) surged 8.8% after the ride-hailing company posted a 30% jump in second-quarter revenue to $991 million and active riders in the quarter rose 31.9% from a year earlier.

Shares of Block (SQ) slumped 7% after the company said Bitcoin revenue at its Cash App unit dropped 34% in the second quarter. The fintech’s second-quarter adjusted earnings of 18 cents a share beat analysts’ estimates by 2 cents.

AMC Entertainment (AMC) fell 8.9% early Friday after the movie-theater company said it was giving shareholders a special dividend of AMC Preferred Equity Units. AMC CEO Adam Aron called the preferred dividend, to be listed on the New York Stock Exchange under ticker symbol “APE” as “perhaps the single biggest action we will take in all of 2022 to fundamentally strengthen AMC for the long term.”

Beyond Meat (BYND) fell 5.4% after the plant-based meat company lowered its revenue outlook for the full year.

DoorDash (DASH) surged 11% after the food-delivery service posted better-than-expected second-quarter results and significantly raised full-year guidance.

(EXPE) second-quarter results beat analysts’ estimates and shares of the online travel agency rose 5.7% early Friday.

Zillow (Z) issued a third-quarter revenue outlook well below expectations and shares of the real estate listings website sank 7.7% early Friday.

Carvana (CVNA) rose 8.5% after the company recorded a loss of $439 million in the second quarter, narrower than the previous quarter’s loss of $506 million. Second-quarter sales volume of 117,564 rose from 105,185 during the prior quarter and up from 107,815 a year earlier.

Cloudflare (NET) surged 18.7% in premarket trading Friday after the web security provider raised full-year revenue guidance.

Shares of Virgin Galactic (SPCE) were tumbling 12.5% ​​on Friday after the space tourism company pushed back the launch of commercial service to the second quarter of 2023.

DraftKings (DKNG) surged 11.9% after raising fiscal 2022 guidance.

Write to Joe Woelfel at [email protected]


Credit: www.marketwatch.com /

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