© Reuters.

By Peter Nurse

Investing.com — Stocks in focus in premarket trade on Friday, May 13th. Please refresh for updates.

  • Twitter (NYSE:) stock fell 11% after Elon Musk said his $44 billion deal to take the company private is “temporarily on hold”, while the two sides wrangle over the extent of fake and spam accounts on the social media network.

  • Tesla (NASDAQ:) stock rose 5.4% as the risk of a significant equity overhang faded on Musk’s news. The electric vehicle maker’s stock has fallen 27% since the Twitter deal was announced last month.

  • Robinhood (NASDAQ:) stock rose over 22% after a filing showed that Sam Bankman-Fried, the billionaire founder and CEO of cryptocurrency exchange FTX has acquired a substantial 7.6% stake in the popular online brokerage.

  • Affirm (NASDAQ:) stock rose 39% after the buy-now, pay-later lender a smaller-than-expected loss for the first quarter while revenue also impressed. The company also announced it was extending its partnership with Shopify (NYSE:), up 5.8%.

  • Figs (NYSE:) stock dropped 21% after the healthcare apparel cut its full-year guidance, citing “supply-chain challenges”.

  • Toast (NYSE:) stock rose 14% after the cloud-based restaurant software raised its full-year revenue guidance, saying it added more than 5,000 net locations last quarter for the first time.

  • Honest Company (NASDAQ:) stock rose 7.2% after the eco-friendly consumer goods stuck with its full-year financial outlook despite inflation and supply chain pressures.

  • Duolingo (NASDAQ:) stock rose 17% after the mobile-learning platform a strong first quarter with record bookings, prompting the company to raise its full-year guidance.

  • Honda (NYSE:) ADRs rose 0.5% after the Japanese auto giant put out better-than-expected , even if it cut its guidance at the same time.

Source

LEAVE A REPLY

Please enter your comment!
Please enter your name here

4 × four =