Stocks making the biggest moves premarket: Disney, Airbnb, Rivian, Amgen and more

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Rivian Automotive Inc News

Amgen Inc,Super Micro Computer Inc,Advanced Micro Devices Inc

These are the stocks posting the largest moves in premarket trading.

Check out the companies making headlines before the bell. Disney — Shares were down about 1% after the media giant reported quarterly results that beat analyst expectations, thanks in part to strong performance at its streaming unit. The company earned $1.39 per share, excluding items, on revenue of $23.16 billion. Analysts expected a profit of $1.19 per share on revenue of $23.07 billion, per LSEG.

Optimism around the popular weight-loss drug has helped push shares up more than 25% year to date, but the latest report is raising worries that it is seeing pressure from Eli Lilly's Mounjaro and Zepbound. Rivian — Shares of the electric vehicle company fell 9% after a second-quarter report showed a widening net loss. Rivian reported a net loss of $1.46 billion, compared to $1.2 billion last year. The company did beat expectations on some metrics. An adjusted loss of $1.13 per share and $1.

 

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