This post was originally published on this site
© Reuters
Investing.com — Stocks in focus in premarket trade on Wednesday, May 10th. Please refresh for updates.
-
Airbnb (NASDAQ:) stock fell 15% after the holiday rental booking company disappointed with its guidance, forecasting fewer bookings and lower average daily rates in the second quarter versus a year earlier.
-
Rivian (NASDAQ:) stock rose 8.5% after the EV manufacturer estimates for quarterly revenue as it sold more higher-priced electric vehicles, and stood by its annual production forecast of 50,000 cars.
-
Twilio (NYSE:) stock fell 18.3% after the cloud service provider forecast weaker than expected second quarter revenue, citing shrinking demand for cloud services.
-
Virgin Galactic (NYSE:) stock fell 3.9% after the space tourism company a widening of its loss in the first quarter, adding that it is aiming to fly its first spaceflight in nearly two years later this month.
-
Livent (NYSE:) stock rose 0.1% after Australian lithium miner Allkem agreed to buy the U.S.-based chemical manufacturing firm to create a $10.6 billion firm.
-
Occidental Petroleum (NYSE:) stock fell 1.3% after the oil and gas producer’s first quarter fell short of expectations, reporting a 48% decline as oil prices fell.
-
Syneos Health (NASDAQ:) stock rose 8.8% after an investment consortium, comprising Elliott Investment Management, Patient Square Capital and Veritas Capital, agreed to buy the contract research firm in a deal valued at $7.1 billion.
- Tellurian (NYSE:) stock rose 0.8% after the liquefied natural gas developer announced it has appointed Barclays’ Simon Oxley as chief financial officer, effective June 1.
