Premarket Movers Tuesday – Fastly, Coupa Software, Stitch Fix
Stock futures were mixed on Tuesday as Wall Street dismissed concerns about how rising prices could affect Federal Reserve support for a recovering US economy.
Here are some of the top movers during Tuesday’s pre-trading session.
1. Fast | 1.8% decrease
Fastly shares (FSLY) – Get the report, the content delivery network provider, fell over reports that the company’s network of proxy servers and data centers in various countries around the world was experiencing a worldwide internet outage.
2. Coupa software | 8.4% less
Coupa software (COUP) – Get the report slipped after the expense management software company reported a major loss for the first quarter ended April 30 and offered tepid revenue forecasts for the second quarter. Coupa posted a loss of $ 100.4 million, or $ 1.38 per share, compared to $ 14.8 million, or 23 cents per share, last year.
3. Wendys | 19% increased
Wendys (WHOM) – Get the report Stocks rose as the restaurant chain appeared to enter the world of meme stocks. The move even came as regulators stepped up their surveillance of potential tampering on social media forums.
4. Stitch fixation | 14% increased
Stitch fix (SFIX) – Get the report Shares rose after the personal styling company released third-quarter results that exceeded expectations and gave a strong outlook, leading to a number of analyst target increases.
5. Marvell Technology | 5.6% increased
Marvell technology (MRVL) – Get the report rose after the chip maker issued an optimistic forecast and beat analyst estimates. The strong demand continues given the widespread scarcity of computer chips.
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