Stock Market
Stocks making the biggest moves premarket: NVDA, PSKY, RGTI
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6 months agoon
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Check out the companies making the biggest moves in premarket trading: Nvidia — The chipmaker slipped 1.8% after SoftBank disclosed it sold its entire stake in the company for $5.83 billion in October. Paramount Skydance — The media stock jumped nearly 5% after the company reported earnings . The CBS parent announced plans to cut more costs and lay off additional employees, while also saying it would raise prices for its streaming service next year. XPeng — U.S.-listed shares popped 4.8% amid growing enthusiasm over the Chinese EV company’s humanoid technology . It recently unveiled its next generation humanoid robot and said it plans to launch robotaxis next year. Beyond Meat — The food company lost 6.7% after issuing disappointing fourth-quarter guidance. Beyond Meat expects quarterly revenue in a range of $60 million to $65 million, citing an “elevated level of uncertainty.” Analysts polled by LSEG were expecting guidance of $70 million. Rigetti Computing — Shares shed 3.8% after the quantum computing company’s third-quarter revenue of $1.9 million fell short of the FactSet consensus estimate of $2.2 million. BigBear.ai — The IT service management company soared 16% following its third-quarter revenue beat. BigBear.ai reported revenue of $33.1 million, compared to the $31.8 million expected from analysts polled by FactSet. It also reaffirmed its full-year revenue guidance. RealReal — The online marketplace raised its full-year revenue guidance and issued third-quarter revenue that exceeded analysts’ expectations, sending shares 16.6% higher. Rocket Lab — The space company rose 8% following its latest financial results. Rocket Lab reported a third-quarter loss of 3 cents per share, narrower than the 10 cents per share expected from analysts polled by LSEG. Rocket Lab’s quarterly revenue of $155 million also beat analysts’ expectation of $152 million, per LSEG. — CNBC’s Alex Harring contributed reporting.
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