September 28, 2022

Stocks Make Biggest Moves by Hour: Novavax, Allbirds, and More

Stocks Make Biggest Moves by Hour: Novavax, Allbirds, and More

A woman holds a small bottle labeled “COVID-19 coronavirus vaccine” and a medical syringe in front of the Novavax logo displayed in this illustration taken, October 30, 2020.

Dado Rovich | Reuters

Check out the companies making headlines after hours.

Novavax Biotech stock fell 32% after Novavax Reducing revenue guidance for the full year Due to weak demand for Covid vaccines.

Take-Two Interactive Program Shares fell 6% after the video game company was behind titles like Grand Theft Auto Weaker-than-expected earnings. Take-Two posted $1 billion in revenue, less than the $1.09 billion forecast by analysts surveyed by Refinitiv.

cocky Shares fell 7% after the consumer lender reported disappointing second-quarter results. Upstart held 1 percent of the stock on revenue of $228.2 million. Analysts surveyed by Refinitiv estimated earnings of 10 cents per share on revenue of $241.6 million.

Allbirds – Shoe inventory fell 12% after Allbirds lowered its forecast for the year He announced efforts to cut costs, citing weak consumer spending. Otherwise, the footwear and apparel company beat expectations in its second-quarter results, compared to Refinitiv’s estimates.

Hims & Hers Health – Shares gained more than 4% after telehealth company Quarterly results have been reported It raised its full-year forecast, citing continued momentum in the number of net new subscriptions.