These Big Cap Stocks Are Moving the Most Today: Upstart, Twilio, Disney, and More.

Aug 09, 2023

These Big Cap Stocks Are Moving the Most Today: Upstart, Twilio, Disney, and More.

These big cap stocks were primed to move. Wednesday:

Upstart Holdings (UPST) plummeted 18% in premarket trade after the artificial-intelligence loan startup announced a lower-than-expected third-quarter profit and sales estimate. Upstart estimates revenue of $140 million in the third quarter, down from $155.3 million forecasted. In addition, the business anticipates adjusted profits before interest, taxes, depreciation, and amortisation of $5 million, compared to analysts’ projections of $9.6 million.

Other Penn Entertainment (PENN) big cap stocks were up 13% after the company said that its Barstool Sportsbook app would be renamed as ESPN Bet this autumn as part of a 10-year arrangement with ESPN, which is controlled by Walt Disney. Penn will pay ESPN $1.5 billion over a ten-year period. Penn also sold its entire ownership in Barstool Sports to the company’s founder, David Portnoy. Shares of competitor DraftKings (DKNG) fell 3.6%.

Lyft LYFT (LYFT), the ride-hailing service, reported adjusted earnings of 16 cents per share in the second quarter, above projections of a loss of 1 cent, and released a third-quarter sales forecast that also exceeded expectations. However, the stock was down 7.4% after a disappointing fourth-quarter projection. According to executives on the company’s conference call, the early outlook for the fourth quarter indicates that sales would climb in the low to mid-single digits quarter over quarter.

Doximity (DOCS) big cap stocks were also down 25% after the physician cloud-software company said it would cut 10% of its workforce, or about 100 employees, and cut revenue guidance for fiscal 2024 to a range of $452 million to $468 million, down from $500 million to $506 million previously.

Akamai Technologies (AKAM) posted second-quarter adjusted earnings that were higher than expected, while sales increased 4% to $936 million. Akamai AKAM shares were up 5.7% in premarket trade after expanding into security software and cloud computing from its initial content delivery network business.

Take-Two Interactive (TTWO) underperformed on adjusted earnings in the fiscal first quarter, but the stock surged 2.7% in premarket trading after CEO Strauss Zelnick praised the video game maker’s robust release schedule.

Rivian Automotive (RIVN) reported second-quarter earnings that were higher than expected and boosted its full-year production forecast. The electric car manufacturer says it plans to produce 52,000 vehicles in 2023, up from 50,000 before. In premarket trade, the stock climbed 2%.

Twilio (TWLO) surged 8.4% after the software developer said it expected full-year operating income of $350 million to $400 million, up from $275 million to $350 million before. Analysts predicted $329 million in operating profits.

Toast (TOST), a cloud-based platform for restaurant operations, was up 13% after exceeding second-quarter revenue projections and posting $39 million in positive free cash flow.

WeWork (WE) fell 17% to around 17 cents per share after the co-working space provider stated that due to “losses and projected cash needs, combined with increased member churn and current liquidity levels, substantial doubt exists about the company’s ability to continue as a going concern.”

Walt Disney (DIS), Trade Desk (TTD), Illumina (ILMN), Roblox (RBLX), Wynn Resorts (WYNN), Applovin (APP), Plug Power (PLUG), and Wendy’s (WEN) are all slated to announce earnings on Wednesday.

Subscribe Our Newsletter

SEC Sets Deadline for Spot Bitcoin ETF Proposals

Alexander

SEC Sets Deadline for Spot Bitcoin ETF Proposals, Signalling Potential Approval in Early 2024

The US SEC has set a deadline for final changes to be made on spot Bitcoin ETF applications, potentially paving the way for a wave of launches in early 2024 and reshaping the cryptocurrency landscape.

Crypto
Metals Haven’t Crashed This Hard Since the Great Recession
Metals Haven’t Crashed This Hard Since the Great Recession

The recent plunge in industrial metals can be traced back to the Federal Reserve's decision to raise interest rates by 75 basis points at the beginning of the month. This move was seen as a sign that the Fed was more worried about inflationary pressures than the possibility of a recession.

Stocks
Get the ultimate solution: B2BinPay Get the ultimate solution: B2BinPay
Sponsored
Constantine

The Nature of Core Liquidity Providers: Who Are They and What is Their Feature?
Get an idea of core liquidity providers, their features, types, and main functions in trading markets.

discover
What Is Ethereum Name Service (ENS)?

Nato

Ethereum Name Service: Simplifying Decentralized Identity

Discover the ins and outs of Ethereum Name Service (ENS), a decentralized domain naming system on the Ethereum blockchain.

Blockchain
Contact us bg

Contact Us

Contact the Liquidity Provider
for any questions and advertising inquiries

    Please fill out this contact form to get in touch with us

    / 3000

    By clicking “Get in touch” button, you agree to the privacy policy

    Successful!
    Thank you for your request.
    We will contact you shortly.
    Close

    Constantine

    Best DAO Projects in 2025

    Best DAO projects in 2025

    Alexander

    Crypto Nodes That Pay: Your 2025 Guide to Top Passive Income Opportunities in Crypto

    crypto nodes that pay

    Alex

    Pi Network: Scam or Groundbreaking Crypto? The Full Analysis

    Pi Network Explained

    Constantine

    Triple Net Lease: Meaning, Benefits, and Strategies Explained

    Triple Net Lease

    Constantine

    Hanging Man Pattern: How to Identify and Trade It Effectively

    Hanging Man Pattern

    Alex

    5 Infinite Banking Mistakes That Could Cost You Thousands

    Infinite Banking Mistakes to Avoid

    Aleksander

    Solana Firedancer: Solving Solana’s Biggest Problems with a New Engine

    Solana Firedancer explained

    Alexander

    What Is an Interest Coverage Ratio? How to Use This Financial Metric to Evaluate Company Health

    Interest Coverage Ratio Explained

    Hazem

    After-Hours Trading: Can You Trade After Financial Markets Close?

    After-Hours Trading Explained

    Alexander

    How to Scale a Crypto Exchange Business and Stay Competitive

    how to scale crypto exchange business

    Constantine

    Crypto CrypticStreet Review: The Future of DeFi and Secure Crypto Trading

    Crypto CrypticStreet Review: The Future of DeFi and Secure Crypto Trading

    Alexander

    Bitcoin Power Law Explained: How It Shapes BTC’s Long-Term Growth

    Bitcoin Power Law Explained: How It Shapes BTC’s Long-Term Growth

    Hazem

    Megaphone Pattern​: What Is It? How to Use It In Trading

    Megaphone Pattern​: How to Read & Trade with It

    Constantine

    Top 5 Liquidity Bridge Providers in DeFi

    Top 5 Liquidity Bridge Providers in DeFi

    Hazem

    Max Funded IUL Explained: Is It a Legitimate Financial Strategy?

    Understanding Max Funded IUL

    Alexander

    Tax Refund Timeline: When Will You Get Your Tax Return?

    how long does it take for tax refund

    Constantine

    Crypto Liquidity — What is it, and How to Measure It?

    What is Crypto Liquidity and How to Measure It?

    Constantine

    AI in Finance: A Game-Changing Trend Shaping the Industry

    AI in Finance

    Hazem

    5 Ways to Make Money with ChatGPT and Build Your Wealth

    Make Money with ChatGPT

    Constantine

    Top AI Companies to Invest in April 2025

    Top AI Companies to Invest in March 2025

    DeepSeek vs ChatGPT: Which AI Technology is Better For You?

    DeepSeek vs ChatGPT: Feature-by-Feature AI Tool Comparison

    Constantine

    Top Solana Meme Coins in 2025: Best Presales and Where to Buy

    Solana Meme Coins 2025

    Alexander

    How Renewable Energy Stocks Can Supercharge Your Portfolio

    How Renewable Energy Stocks Supercharge Your Portfolio

    SEC Crypto Regulations: What Financial Advisors Need to Know

    SEC Crypto Regulations: Insights for Financial Advisors
    liquidity-provider-logo
    • News
      • Stock Market Forecast
      • Stocks
      • Banks and Finance
      • Companies
      • Crypto
      • Forex
      • AI
      • Technology
      • DeFi
      • NFT
    • Articles
      • Crypto Payments
      • Trading
      • Crypto Exchange Business
      • Forex Business
      • Fintech
      • Liquidity
      • FinTech Awards
      • Blockchain
      • Investing
      • NFT
      • DeFi
    • More
      • Videos
      • Liquidity Providers List
      • Crypto Payment Providers
      • White Label Brokerage Platforms
      • Broker CRM Platforms
    [email protected]

    © 2024 Liquidity Provider. All Rights Reserved

    Privacy Policy Cookie Policy
    This site is registered on wpml.org as a development site. Switch to a production site key to remove this banner.