Stock futures were lower Wednesday as investors awaited inflation data amid worries that higher price pressures could hamper the U.S. economic recovery.
Dow Futures Extend Slump as Inflation Fears Linger: CPI Data in Focus
Here are some of the top movers during premarket trading on Wednesday.
1. FuboTV FUBO | Up 22.52{98cae0078f524eff3ab8ec32cf55b261677ef6c8a6ed6e94d92a4234b93f46b6}
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- 1 1. FuboTV FUBO | Up 22.52{98cae0078f524eff3ab8ec32cf55b261677ef6c8a6ed6e94d92a4234b93f46b6}
- 2 2. Unity Software U | Up 4.98{98cae0078f524eff3ab8ec32cf55b261677ef6c8a6ed6e94d92a4234b93f46b6}
- 3 3. Electronic Arts EA | Up 1.59{98cae0078f524eff3ab8ec32cf55b261677ef6c8a6ed6e94d92a4234b93f46b6}
- 4 4. Lemonade LMND | Down 6.61{98cae0078f524eff3ab8ec32cf55b261677ef6c8a6ed6e94d92a4234b93f46b6}
- 5 5. Wendy’s WEN | Up 5.26{98cae0078f524eff3ab8ec32cf55b261677ef6c8a6ed6e94d92a4234b93f46b6}
Shares of fuboTV (FUBO) – Get Report soared in premarket trading Wednesday after the sports streaming company reported that revenue more than doubled in the first quarter and it boosted its guidance.
2. Unity Software U | Up 4.98{98cae0078f524eff3ab8ec32cf55b261677ef6c8a6ed6e94d92a4234b93f46b6}
Shares of Unity Software (U) – Get Report advanced early Wednesday after the company reported a 41{98cae0078f524eff3ab8ec32cf55b261677ef6c8a6ed6e94d92a4234b93f46b6} increase in first-quarter revenue and also raised its guidance.
3. Electronic Arts EA | Up 1.59{98cae0078f524eff3ab8ec32cf55b261677ef6c8a6ed6e94d92a4234b93f46b6}
Shares of Electronic Arts (EA) – Get Report rose ahead of the bell after the videogame company reported better-than-expected fiscal fourth-quarter adjusted earnings and revenue.
The company also issued an upbeat annual forecast, saying it expects pandemic-related momentum to continue.
4. Lemonade LMND | Down 6.61{98cae0078f524eff3ab8ec32cf55b261677ef6c8a6ed6e94d92a4234b93f46b6}
Shares of Lemonade (LMND) – Get Report dropped in premarket trading Wednesday after the online insurance company said it expects current-quarter revenue less than analysts’ projections.
Lemonade matched forecasts with a first-quarter loss of 81 cents a share, while revenue exceeded estimates.
5. Wendy’s WEN | Up 5.26{98cae0078f524eff3ab8ec32cf55b261677ef6c8a6ed6e94d92a4234b93f46b6}
Wendy’s (WEN) – Get Report was rising more than 5{98cae0078f524eff3ab8ec32cf55b261677ef6c8a6ed6e94d92a4234b93f46b6} in premarket trading after the fast-food chain reported quarterly earnings and sales that beat analysts’ forecasts and raised its outlook for the year amid expectations of a post-pandemic rebound.
Gas Shortages, Inflation, FuboTV and Bumble – 5 Things You Must Know
