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

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

Mixed market sentiment on earnings releases, macro factors, and other variables seem to have dominated today’s stock market. Using TipRanks’ new Top Stock Gainers/Losers page, we’ve identified the top five pre-market stock movers, as detailed below. 

5 Biggest Movers 

Asana, Inc. (ASAN) was the biggest laggard in pre-market trading, as the stock plummeted 24.1% at the time of writing. Though the web and mobile work management platform reported a smaller-than-feared loss and upbeat revenue in the fourth quarter of the Fiscal Year 2022 (ending January 31), the negative sentiment followed mixed guidance provided by the company. For Fiscal 2023, the company anticipates total revenue of $527 million to $531 million, compared with the consensus estimate of $506.3 million. For Q1 2023, the company forecasts revenue in the range of $114.5 million to $115.5 million, versus the Street’s estimate of $110.91 million, while adjusted loss per share is expected to land between $0.36 and $0.35, versus a loss of $0.27 per share estimated by analysts. 

Rockwell Automation, Inc. (ROK) dropped 11.8% in pre-market trading, at last check. It seems that the fall in price followed the industrial automation and digital transformation company’s suspension of operations and sales in Russia and Belarus, effective immediately. 

Meanwhile, modern card issuing platform Marqeta, Inc. (MQ) surged 11% in pre-market trading, at last watch. The company reported fourth-quarter 2021 loss as expected, above expectation revenue, and a strong outlook. For Q1 2022, the company expects net revenue growth in the range of 48%-50%, while gross profit margin are to range between 43% and 44%. 

Texas-based CrowdStrike Holdings, Inc. (CRWD) rose in pre-market trading, recording gains of 12.08% at the time of writing. The American cybersecurity technology company reported upbeat fourth-quarter Fiscal Year 2022 results and above expectations guidance raising investors’ optimism. For Fiscal Q1 2023, the company projects revenue in the range of $458.9 million to $465.4 million, versus the consensus estimate of $440.8 million. Meanwhile, earnings are estimated to in the range of $0.22-$0.24 per share, above analysts’ expectations of $0.17. For Fiscal 2023, total revenue is forecast in the range of $2.133 billion to $2.163 billion, above the consensus estimate of $2.01 billion, while earnings per share are expected to range between $1.03 and $1.13, compared with the Street’s estimate of $0.91. 

Yum China Holdings, Inc. (YUMC) completes the list. It moved downward around 8.7% in pre-market trading at the time of writing. However, that drop followed yesterday’s increase of more than 7% in its stock price. Though there is no fundamental news explaining the trading frenzy, it seems that geopolitical issues have led to volatility. Yum China is an American Fortune 500 fast-food restaurant company incorporated in the U.S. with operational headquarters in China. 

Continue to watch this space for possible volatility upon the market opens. Tomorrow, we’ll have another up-to-date piece on stock Pre-Market Movers… 

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