Stocks Making the Biggest Moves Premarket: Wendy’s, Coinbase, Buzzfeed & More

Stocks Making the Biggest Moves Premarket: Wendy’s, Coinbase, Buzzfeed & More

Check out the companies making headlines before the bell:

Wendy’s (WEN) – Shares of Wendy’s fell 1% in premarket trading after a mixed quarter in which the restaurant chain reported better-than-expected earnings while revenue fell short of Street’s forecasts. US same-restaurant sales rose 2.3%, less than analysts had estimated as consumers became more cautious about spending.

Coinbase (COIN) – Shares of the cryptocurrency exchange operator tumbled 5% premarket after the company reported a bigger-than-expected quarterly loss, with business hurt by the fall in crypto prices over the spring months. Coinbase saw volumes fall as the number of active traders declined over the quarter.

Buzzfeed (BZFD) – The digital media company reported a higher-than-expected quarterly loss amid a squeezed advertising market and rising spending. Buzzfeed fell 3.7% in premarket trading.

Twitter (TWTR) — Twitter added premarket measures up 3.6% after it was revealed that Elon Musk sold nearly $7 billion worth of Tesla (TSLA) stock over the past few days. The move comes amid uncertainty over whether a court will force Musk to honor his $44 billion deal to buy Twitter. Tesla shares gained 1.3%.

Roblox (RBLX) — The video game company’s stock plummeted 15.1% premarket after Roblox reported a bigger-than-expected quarterly loss and bookings — a key sales metric — fell short of analysts’ forecasts.

Wynn Resorts (WYNN) – The resort operator reported a lower-than-expected quarterly loss, but revenue fell short of expectations as Macau results remain pressured by Covid-related closures. Wynn Resorts fell 2.9% in premarket trading.

Trade Desk (TTD) – The digital advertising company’s stock is up 16.3% premarket after it reported better-than-expected quarterly earnings and an upbeat guidance for the current quarter. The company said its performance gives it confidence it can gain market share in any economic environment.

H&R Block (HRB) — Shares of the tax consulting firm rose 4% premarket after better-than-expected quarterly results helped by a strong tax season. H&R Block also announced a 7% dividend increase and a new $1.25 billion share buyback program.