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America April 29, 2022 2 mins read

Biggest Stock Moves Pre-Market: Apple, Amazon, Roku, Alibaba and More

America ı By Rochdi Rais

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stocks falling

Apple’s stock price plunged 2% after CFO Luca Maestri said supply chain issues would negatively impact third-quarter sales by as much as $8 billion. 

shares fell more than 9% after Amazon announced weaker-than-expected revenue guidance for the second quarter. The tech giant also posted a $7.6 billion loss on its investment into Rivian.

Shares of Roku rose 4% after the digital media player manufacturer on Thursday reported sales that exceeded expectations in its recent quarter. Roku posted a revenue of $733.7 million. 

Intell shares plunged more than 3% after Intel issued weak guidance for its fiscal second quarter, overshadowing stronger-than-expected earnings for the previous quarter.

Robinhood stock declined almost 10% following a first-quarter report that showed declining revenue and monthly active users. 

Alibaba, Pinduoduo, Baidu — Chinese technology stocks rallied after policymakers in the country signaled an easing of the crackdown on tech companies. Alibaba surged 10%, Pinduoduo was up 15% and Baidu rose more than 8%.

Honeywell International shares climbed 2% after Honeywell reported earnings that surpassed expectations. Honeywell posted earnings of $1.91 per share on revenues of $8.38 billion. 

Exxon Mobil’s stock price dipped 1% after the oil and gas company reported weaker-than-expected quarterly results. The energy company earned $2.07 per share, lower than Refinitiv estimates of $2.12 earnings per share. Exxon Mobil reported revenues of $90.5 billion, compared to a Refinitiv forecast of $92.7 billion.

 

 

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Rochdi Rais

Rochdi Rais is the Head of Growth and financial and legal writer at USA Herald. He has been writing and editing financial, legal and U.S. news for years with over +4000 articles published during his career.

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