Premarket Movers Friday – DoorDash, Disney, Snowflake, Coinbase
Stock futures rose on Friday as commodity prices fell, which helped ease worries about higher inflation.
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Here are some of the top movers during Friday premarket trading.
1. DoorDash DASH | Plus 8.67%
Shares of DoorDash ((LINE) – Get the report jumped early Friday after the grocery delivery company tripled its revenue in the first quarter and reduced losses in the March quarter, but fell short of analysts’ expectations.
2. Disney DIS | 4.19% decrease
Disney shares ((DIS) – Get the report Premarket trading collapsed after the entertainment giant added fewer than expected streaming customers in the second quarter of the fiscal year.
The company announced that its Disney + streaming service ended the quarter with 103.6 million subscribers, down from analyst estimates of 109.3 million.
3. Alibaba BABA | Plus 2%
US-listed Alibaba stocks ((BABA) – Get the report The day after the Chinese retail giant posted a net loss of 5.47 billion yuan for the March quarter, premarket trading skyrocketed.
Alibaba said the loss was a result of the anti-monopoly fine.
4. Coinbase COIN | Plus 3.97%
Coinbase shares ((COIN) – Get the report Advances in premarket trading after the cryptocurrency exchange’s profit rose in its first earnings report as a public company due to a rally in Bitcoin and other digital assets.
The company plans to offer meme-based cryptocurrency Dogecoin in the next six to eight weeks. Coinbase currently offers Bitcoin and Ethereum trading, but has been slow to add tokens that have become increasingly popular.
5. Snowflake SNOW | Plus 4.93%
Stocks of Snowflake ((SNOW) – Get the report The bell rang on Friday after the cloud computing company at Goldman Sachs switched from neutral to neutral. This shows the strong competitive position of Snowflake.