Stock Groups

Rivian, Beyond Meat, Disney and more

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Take a look at the top companies that made headlines long before the bell rang.

Tesla (TSLA) — Shares of Tesla got a roughly 2% boost after CEO Elon Musk sold about $5 billion worth of shares this weekFinancial filings filed Wednesday show that he has a net worth of $1.6 billion. He is still holding more than 166 millions shares.

Rivian (RIVN) — Electric vehicle maker Rivian’s shares rose more than 6% in early morning trading after the company made its trading debut on the Nasdaq Wednesday. Rivian also received other EV shares after the IPO. NioAnd FiskerShares gained around 2%

Beyond Meat (BYND) — The alternative meat company’s shares tumbled almost 20% after reporting a wider-than-expected loss of 87 cents per share for the third quarter, compared with expectations of 39 cents per share loss. The revenue forecasts were also not met, with $106.4 million coming in as opposed to the Wall Street estimate of $109.2million.

SoFi (SOFI) — Digital bank SoFi’s shares jumped 13% after reporting better-than-expected quarterly results Wednesday evening. According to Refinitiv, SoFi posted a 5 cent loss per share, which was lower than analysts’ expectations of a 9 cent loss per share.

Affirm (AFRM) — Buy-now-pay-later darling Affirm’s shares rallied 25% in early trading after announcing an expansion of its partnership with Amazon and reported a quarterly revenue beat, recording $269.4 million versus estimates of $248.2 million. Refinitiv also stated that Affirm suffered a quarter-end loss.

Marqeta (MQ) — Shares of Marqeta, the card-issuing platform behind buy now pay later brands like Affirm and Klarna, jumped 11% after reporting strong quarterly results and a 60% increase in processing volume from the previous year.

The Honest Company (HNST) — Shares of the cosmetics company increased about 8% after announcing quarterly earnings that came were in line with expectations and revenue that topped Wall Street’s forecasts, according to Refinitiv.

Walt Disney (DIS) — Disney shares fell nearly 5% in early morning trading Thursday after missing top and bottom-line estimatesFor its third quarter results. According to Refinitiv, the media company reported a profit at 37 cents per shares on $18.53 billion in revenue. This compares with analysts’ estimates of 51 cents on $18.79 million revenue. Also, subscriptions to Disney+ feel a bit short of expectations.

Bumble (BMBL) — Shares of the dating app fell nearly 9% after reporting a loss of 6 cents per share, 6 cents below analyst estimates, according to Refinitiv. But revenue was better than expected.

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