Moderna, PayPal, CVS Health Rise Premarket; Airbnb, Match Group Fall By Investing.com

Moderna, PayPal, CVS Health Rise Premarket; Airbnb, Match Group Fall

Stock Markets Aug 03, 2022 08:01AM ET

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Moderna, PayPal, CVS Health Rise Premarket; Airbnb, Match Group Fall

By Peter Nurse

Investing.com -- Stocks in focus in premarket trade on Wednesday, August 3rd. Please refresh for updates.

CVS Health (NYSE:CVS) stock rose 4% after the pharmacy company raised its annual profit forecast based on strength in its insurance business and sales of COVID-19 over-the-counter test kits.
Moderna (NASDAQ:MRNA) stock rose 3.7% after the drug maker retained its full-year sales outlook for its COVID-19 shot despite decreasing orders from low- and middle-income countries through the COVAX international vaccine-sharing program.
Regeneron (NASDAQ:REGN) stock rose 1.9% despite a sharp fall in quarterly profit, hurt by lacklustre sales of its COVID-19 antibody cocktail. However, this hit was partially offset by strong sales of its blockbuster drugs, including anti-inflammation drug Dupixent and eye treatment Eylea.
PayPal (NASDAQ:PYPL) stock soared 14% after the fintech company raised its annual profit guidance, also helped by activist investor Elliott Management taking an over $2 billion stake.
Airbnb (NASDAQ:ABNB) stock fell 5.7% after the vacation rental firm forecast bookings for the current quarter at par with the record-breaking previous one, a disappointment as investors had expected far more amid booming summer demand.
Match Group (NASDAQ:MTCH) stock fell 21% after the parent to a number of dating apps provided a disappointing revenue forecast for the current quarter, with growth hit by the continuing fallout from COVID-19 and a strong dollar weighing on overseas sales.
Advanced Micro Devices (NASDAQ:AMD) stock fell 5.3% after the chip designer forecast third-quarter revenue slightly below estimates, seeing a challenging market ahead.
Robinhood (NASDAQ:HOOD) stock rose 2.5% after the brokerage announced another round of layoffs affecting 780 employees, some 23% of its staff, as it seeks to cut costs further after posting a 44% decline in revenue on slumping trading activity.
Starbucks (NASDAQ:SBUX) stock rose 1.5% after the coffee chain beat quarterly profit estimates as higher prices and strong U.S. demand helped offset a hit to business in China from renewed COVID-19 lockdowns.

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Comments (2)

Dave Jones Aug 03, 2022 9:09AM ET

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Elliott management are busy aren't they?!? Whose funding this few billion here and there?

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Mitchel Pioneer Aug 03, 2022 9:06AM ET

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And the curtain prepares to rise, as the laughingstock of the investing world prepares to defraud America anew.

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US 30	33,440.0	+103.3	+0.31%
US 500	4,221.3	+14.0	+0.33%
Dow Jones	33,336.67	+27.16	+0.08%
S&P 500	4,207.27	-2.97	-0.07%
Nasdaq	12,779.91	-74.89	-0.58%
S&P 500 VIX	20.17	-0.03	-0.15%
Dollar Index	105.430	+0.436	+0.42%

Crude Oil WTI	92.89	-1.45	-1.54%
Brent Oil	98.28	-1.32	-1.33%
Natural Gas	8.569	-0.305	-3.44%
Gold	1,800.70	-6.50	-0.36%
Silver	20.233	-0.116	-0.57%
Copper	3.6553	-0.0512	-1.38%
US Soybeans	1,439.62	-8.38	-0.58%

SPDR S&P 500	419.99	0.00	0.00%
iShares Russell 2000	196.35	+0.73	+0.37%
Invesco QQQ Trust	324.08	-1.85	-0.57%
Direxion Daily Junior Gold Miners Bull 2X Shares	36.21	-1.58	-4.18%
iShares Silver	18.67	-0.28	-1.48%
ProShares Ultra VIX Short-Term Futures	9.26	+0.09	+0.98%
ProShares UltraPro QQQ	35.95	-0.55	-1.51%

Apple	168.49	-0.75	-0.44%
Alphabet A	118.84	-0.86	-0.72%
Tesla	859.89	-23.18	-2.62%
Amazon.com	140.64	-2.05	-1.44%
Netflix	242.70	-1.41	-0.58%
Meta Platforms	177.49	-0.85	-0.48%
Bank of America	35.91	+0.84	+2.40%

Moderna, PayPal, CVS Health Rise Premarket; Airbnb, Match Group Fall

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