Peter Nurse

Investing.com — Focus on stocks premarketOn Friday, May 13th, trade will be allowed. For the latest updates, please refresh.

• TwitterStock fell 11% on the NYSE after Elon Musk stated that his $44B deal to privatize the company was “temporarily suspended”, as the parties argue over how many spam and fake accounts are being created on social media.

• 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.

• RobinhoodStock rose more than 22% following a filing showing that Sam Bankman Fried, the billionaire founder of cryptocurrency exchange FTX, had acquired a large 7.6% stake.

• Confirm (NASDAQ:) stock rose 39% after the buy-now, pay-later lender a smaller-than-expected loss for the first quarter while revenue also impressed. It also revealed that it would be extending its partnership to Shopify(NYSE:) Up 5.8%

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

• Toast The stock of (NYSE:) rose 14% following the announcement by cloud-based software restaurant company Cloud-based Restaurant Software that it had increased its full-year revenue guidance and added over 5,000 locations in the last quarter.

• Honest Company The stock of (NASDAQ:) rose 7.2% following the announcement that eco-friendly consumer goods maintained its full-year financial outlook, despite inflationary pressures and disruptions in supply chains.

• Duolingo The stock of (NASDAQ:) rose 17% following a strong quarter for mobile-learning platforms, which saw record bookings. This prompted the company’s full-year guidance to be raised.

• Honda (NYSE: ADRs rose 0.5% following the Japanese automaker’s better-than-expected results, even though it reduced its guidance.