Stocks making the biggest moves after hours: Novavax, Allbirds, and more

A woman holds a small bottle with a ‘Coronavirus COVID-19 Vaccine’ sticker and a medical syringe in front of the Novavax logo displayed in this image dated October 30, 2020.

Dado Ruvic | Reuters

Check out the companies making headlines after hours.

Novavax — The biotech stock fell 32% after Novavax lowered its full-year sales guidance on weak demand for its Covid vaccines.

Take-Two Interactive Software – Shares fell 6% after the video game company behind titles like Grand Theft Auto reported weaker-than-expected earnings. Take-Two reported revenue of $1 billion, down from the $1.09 billion forecast by analysts polled by Refinitiv.

Upstart – Shares fell 7% after the consumer finance company released disappointing second-quarter results. Upstart earned 1 cent per share on revenue of $228.2 million. Analysts polled by Refinitiv estimated earnings per share at 10 cents on revenue of $241.6 million.

Allbirds – Footwear stocks fell 12% after Allbirds lowered its outlook for the year and announced cost-cutting efforts, citing weaker consumer spending. Elsewhere, the footwear and apparel company beat expectations in its second-quarter results compared to Refinitiv consensus estimates.

Hims & Hers Health – Shares rose more than 4% after the telemedicine company released quarterly results and raised its full-year outlook, citing continued momentum in net new subscriptions.

https://www.cnbc.com/2022/08/08/stocks-making-biggest-after-hour-moves-novavax-allbirds-and-more.html Stocks making the biggest moves after hours: Novavax, Allbirds, and more

Drew Weisholtz

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