Stocks making the biggest moves premarket: Honest Company, Rivian, Illumina and others

Check out the companies making headlines before the bell:

Stocks making the biggest moves premarket: Honest Company, Rivian, Illumina and others
Stocks making the biggest moves premarket: Honest Company, Rivian, Illumina and others

 

Honest Company (HNST) – Honest Company’s stock rose 1.6% in the premarket in spite of a wider-than-expected quarterly loss. The natural consumer products maker now sees a wider full-year loss than previously thought, due to cost pressures, but expects improvement as the year goes on, including positive adjusted earnings for the fourth quarter.

Rivian Automotive (RIVN) – Rivian shares fell 1% in premarket trading after the electric vehicle maker widened its loss estimate for 2022. It also affirmed prior production guidance.

Illumina (ILMN) – Illumina tumbled 14.7% in the premarket after the gene-sequencing technology company reported quarterly profit and revenue that was lower than expected, and issued an outlook that was well short of analyst estimates. Illumina said a challenging economic environment is offsetting growth in the use of its gene-sequencing platform.

Toast (TOST) – Toast surged 12.9% in premarket action after the restaurant payment technology company raised its full-year earnings outlook. Toast reported a quarterly loss, but it was narrower than analysts had predicted, with Toast noting a record number of new locations using its technology.

Poshmark (POSH) – Poshmark fell 1.4% in the premarket after the online fashion retailer issued weaker revenue guidance than expected for the current quarter. Poshmark reported a loss for its latest quarter on increased marketing and research and development expenses, but sales were better than analysts had anticipated.

Wheels Up (UP) – The private jet company’s stock added 2% in premarket action after it reported better-than-expected quarterly revenue, although its loss was slightly wider than anticipated. Wheels Up also saw a 16% jump in active users.

Related Posts

7 money mistakes that keep you poor that you might not know

Managing money can be challenging, and making the wrong decisions can keep you from achieving financial stability. Here are some top money mistakes that keep you poor, along with tips…

Read more

Continue reading
Safest places to save your money as a young adult

Managing money can be challenging for people of all ages, but it’s especially hard when you’re young. You may not have much knowledge about many of the accounts where you…

Read more

Continue reading

Leave a Reply

Your email address will not be published. Required fields are marked *

You Missed

Ghana’s Creative Industry Takes a Step Forward: President Mahama Attends Black Star Experience Launch

  • By djfly
  • July 12, 2025
  • 9 views
Ghana’s Creative Industry Takes a Step Forward: President Mahama Attends Black Star Experience Launch

Accra Mayor Confronts Police Officer Over Alleged Extortion

  • By djfly
  • July 8, 2025
  • 171 views
Accra Mayor Confronts Police Officer Over Alleged Extortion

Larry Ellison Vaults His Way to Second-Richest Person on Earth

  • By djfly
  • July 5, 2025
  • 24 views
Larry Ellison Vaults His Way to Second-Richest Person on Earth

Debt Relief Lawyer: Your Path to Financial Freedom

  • By Gossip
  • July 2, 2025
  • 6 views
Debt Relief Lawyer: Your Path to Financial Freedom

NPP’s Paul Yandoh Raises Concerns Over Chairman Wontumi’s Health and Treatment

  • By djfly
  • June 30, 2025
  • 11 views
NPP’s Paul Yandoh Raises Concerns Over Chairman Wontumi’s Health and Treatment

ECG Raids Katakyie Afrifa’s Residence Over Alleged Illegal Electricity Connections

  • By djfly
  • June 19, 2025
  • 39 views
ECG Raids Katakyie Afrifa’s Residence Over Alleged Illegal Electricity Connections