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These Stocks are the Biggest Pre-Market Movers on Friday
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These Stocks are the Biggest Pre-Market Movers on Friday

TipRanks has compiled a list of Friday’s biggest pre-market stock movements. 

Positive market sentiment driven by mostly earnings beat and strong outlook, along with some other variables seems to have dominated today’s stock market. 

Using TipRanks’ new Top Stock Gainers/Losers page, we’ve identified the top 5 pre-market stock movers, as detailed below. 

5 Biggest Movers 

Snap Inc. (SNAP) was the biggest gainer in the pre-market session, jumping over 49% at the time of writing. The company reported upbeat fourth-quarter 2021 results and first-quarter 2022 revenue guidance above expectations. For Q1 2022, the company forecasts revenue in the range of $1.03-$1.08 billion, versus analysts’ expectations of $1.02 billion.

Another gainer in pre-market trading, Bill.com Holdings, Inc. (BILL), had surged 25% on strong second-quarter Fiscal 2022 results at the time of writing. The provider of cloud-based software solutions posted break-even Q2 FY22 earnings and upbeat revenues. Additionally, the forecasted adjusted loss per share in the $0.16 to $0.15 range for the third quarter compared favorably with the consensus loss estimate of $0.22 per share. Expected revenue in the range of $157-$158 million also surpassed analysts’ expectations of $140.6 million. 

Aurora Innovation, Inc. (AUR) was up 18.1% in pre-market trading at last watch. Continued positive sentiment since yesterday seems to be driving the jump in the stock price of the American self-driving vehicle technology company. Amazon.com Inc. (AMZN) revealed in an SEC filing that it owns more than a 5% stake in Aurora. 

Pinterest, Inc. (PINS) recorded an almost 17% jump in price in the pre-market session at the time of writing. Outstanding fourth-quarter 2021 results and strong guidance boosted investor confidence. In the fourth quarter, both earnings and revenues topped analysts’ expectations. For Q1 2022, the company forecasts revenue to grow in the high-teens percentage range on a year-over-year basis. California-based Pinterest provides a visual discovery engine globally. 

Meanwhile, the biggest laggard in pre-market trading, The Clorox Company (CLX), rounded off the list. The stock plunged more than 13% and is now trading at $142.64. A second-quarter Fiscal 2022 earnings miss and disappointing guidance reported by the American global manufacturer and marketer of consumer and professional products is driving the negative sentiment. For Fiscal 2022, the company expects EPS in the range of $4.25-$4.50, lower than the consensus estimate of $5.41 per share.

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