Stocks Make the Biggest Moves Premarket: Twitter, Affirm, and Robinhood among Others

Twitter fell by 14.6% in pre-market trading after Elon Musk announced that his deal to buy the company was temporarily put on hold. The announcement was made as he awaits details on the number of spam and fake accounts on the platform.
Affirm Holdings (AFRM) reported a quarterly loss of 19 % per share, lesser than the 51 % loss that analysts estimated, with the fintech company’s revenue beating forecasts. Affirm also increased its full-year revenue outlook and disclosed the extension of its partnership with e-commerce platform operator Shopify. The stock rose 33.8% higher in the pre-market.
Robinhood Markets (HOOD) hiked 22.4% in pre-market trading after Sam Bankman-Friend, the founder of cryptocurrency exchange FTX- disclosed a 7.6% stake in a regulatory filing. The transaction makes him the third-largest shareholder in the trading platform enterprise.
Toast (TOS) added 3.2% in the pre-market after the restaurant-oriented technology platform organization revealed a more minor than estimated quarterly loss and revenue that beat Street forecasts. It also increased its full-year revenue forecast as more restaurants adopted Toast’s technology.
Microstrategy (MSTR) rallied 13.9% in pre-market action. The firm has extensive bitcoin holdings and witnessed its stock fall by more than 25% on Monday and Wednesday before rising yesterday.
Figs (FIGS), the healthcare apparel firm, saw its stock plummet 25.2% in pre-market trading after it missed estimates with its latest quarterly results and issued weaker than expected full-year guidance.
Poshmark (POSH), the online apparel marketplace operator, disclosed a loss of 18% per share, 4 cents lesser than Wall Street had estimated, with revenue beating the estimates. This assisted in sending its stock up 2.1% in pre-market action, even though Poshmark reported a weaker than estimated current-quarter revenue forecast.
(HNST) shares’ increased by 3.1% in pre-market trading after confirming its full-year earnings outlook. The company also revealed loss and revenue figures, which were in line with Wall Street’s forecasts