Here are Friday’s largest pre-market stock moves, as presented on TipRanks.
With earnings season in full swing, today’s stock prices are significantly impacted by earnings announcements. In addition, acquisitions, company-specific news, and other factors impact today’s stock market.
Using TipRanks’ new Top Stock Gainers page, we’ve identified the top 5 pre-market stock movers below.
5 Biggest Movers
American video streaming service, Netflix (NFLX) was one of the biggest losers during the pre-market session on Friday, plunging 20% and currently trading at $404.90. The drop followed the company’s weak fourth-quarter earnings reporting. NFLX failed to meet both revenue and subscriber forecasts. Additionally, the business issued a bleak outlook for the upcoming quarter.
Next is Peloton Interactive (PTON), an American exercise equipment and media company, which saw its shares rise 8% during pre-market trading to $26.2 at the time of writing. No fundamental news has been provided to support the stock’s increase. However, the stock was down yesterday, following the news that the company plans to shutter its production for the next few months.
Meanwhile, Novagold Resources (NG), a gold and copper business, fell 7.2% during Friday’s pre-market session and is now trading at $6.55. On January 26, 2022, the corporation will reveal its year-end financial results for 2021.
Allison Transmission (ALSN), a developer of vehicle propulsion solutions, saw its shares drop 5.5% in pre-market trading. There has been no fundamental news to back the stock’s decline, so it’s still unclear what’s driving it down.
To round off the list, we have R1 RCM (RCM), a supplier of revenue cycle management solutions to healthcare providers. The stock is presently trading at $21.95, up 5.5% in pre-market trade on Friday. Though there is no particular announcement to explain today’s price hike, it might be the result of RCM’s recent $4.1 billion stock acquisition of Cloudmed.
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