Stocks making the biggest moves premarket: Taiwan Semiconductor, Insulet, Paramount Global and more

Check out the companies making headlines in premarket trading. Taiwan Semiconductor — Stock in the chipmaker rose about 1% before the opening bell after the company reported strong July revenue, which showed an increase of nearly 45% year-over-year, according to a StreetAccount report. The Trade Desk — Shares gained nearly 4% after the ad-buying company beat analyst second-quarter estimates and raised its third-quarter outlook.

Elf earned $1.10 in per share after adjustments on $324 million of revenue. Analysts surveyed by LSEG were looking for earnings of 84 cents per share on $305 million of revenue. The company did hike its full-year forecast, but the guidance implied slowing growth, according to a JPMorgan note that was positive on the stock. Dropbox — Shares of the cloud storage company added 3% after second-quarter results surpassed analyst estimates.

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