Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

DocuSign, Stitch Fix, Netflix Fall Premarket; Vail Resorts Rises

Published 06/10/2022, 07:47 AM
Updated 06/10/2022, 07:48 AM
© Reuters.

© Reuters.

By Peter Nurse

Investing.com -- Stocks in focus in premarket trade on Friday, June 10th. Please refresh for updates.

  • DocuSign (NASDAQ:DOCU) stock slumped over 25% after the software company reported weaker-than-expected earnings in its fiscal first quarter, with its net loss widened to $27.4 million from $8.3 million a year earlier.

  • Stitch Fix (NASDAQ:SFIX) stock fell over 15% after the online personal styling service announced layoffs totaling around 15% of its salaried staff as it tries to cut costs. It also delivered weak fourth quarter revenue guidance.

  • Walt Disney (NYSE:DIS) stock rose 0.3% after the entertainment giant announced a major leadership shift, with veteran Hollywood executive Peter Rice being replaced by Dana Walden as head of general entertainment content.

  • Netflix (NASDAQ:NFLX) stock fell 4.8% after Goldman Sachs downgraded its investment stance on the streaming giant to ‘sell’ from ‘neutral’, citing worries about a consumer recession and increasing competition.

  • Roblox (NYSE:RBLX) stock fell 4.6% after Goldman cut its investment rating on the gaming company to ‘sell’ from ‘neutral’, saying user growth could slow in the post-pandemic world.

  • Illumina (NASDAQ:ILMN) stock fell 4.2% after the biotech announced that Chief Financial Officer Sam Samad will depart next month after more than five years in the role.

  • Vail Resorts (NYSE:MTN) rose 6% after the ski holiday company beat expectations for both the top and bottom lines in the fiscal third quarter, also announcing strong pass sales for the upcoming winter.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.