Stocks Making the Biggest Moves Premarket : Moderna, Airbnb, GameStop, Roku, and More

Here’s a look at the companies making headlines in premarket trading:

Moderna (MRNA)

Moderna shares fell 4% after the biotechnology company reported a wider-than-expected fourth-quarter loss of $2.91 p ers ha re, co m p a re d t o t h e$ 2.68 loss anticipated by LSEG. However, the company surpassed revenue expectations, providing a silver lining for investors.

GameStop (GME)

GameStop surged 8% following reports that the video game retailer is exploring investments in bitcoin and other cryptocurrencies. Sources told CNBC that the company is evaluating whether such a move would align with its business strategy.

Roku (ROKU)

Roku shares jumped 14% after the streaming platform posted better-than-expected fourth-quarter results. The company reported a loss of 24 cents per share, narrower than the 40-cent loss forecast by LSEG. Revenue also beat estimates, coming in at $1.20 bi ll i o n v ers u s t h ee x p ec t e d$ 1.15 billion.

Airbnb (ABNB)

Airbnb soared more than 13% after delivering a strong fourth-quarter performance. The vacation rental giant reported earnings of 73 cents per share on $2.48 bi ll i o nin re v e n u e, e x cee d in g ana l ys t s ’ e x p ec t a t i o n so f 58 ce n t s p ers ha re an d$ 2.42 billion in revenue.

Informatica (INFA)

Informatica shares plummeted 33% after the cloud data management company issued disappointing guidance. First-quarter revenue is projected to range between $380 mi ll i o nan d$ 400 million, below the $412 mi ll i o n co n se n s u ses t ima t e . F u ll - ye a rre v e n u e gu i d an ceo f$ 1.67 billion to $1.72 billion also fell short of expectations.

Applied Materials (AMAT)

Applied Materials slid 4.8% as its softer revenue outlook overshadowed quarterly results that beat analysts’ expectations. Investors reacted cautiously to the company’s cautious guidance.

Twilio (TWLO)

Twilio tumbled 8.8% after providing weak earnings guidance for the first quarter. The cloud communications company expects earnings per share between 88 cents and 93 cents, below the 99 cents forecast by analysts.

Palo Alto Networks (PANW)

Palo Alto Networks dropped more than 4.4% after its free cash flow for the fiscal second quarter missed estimates. The company reported $509.4 mi ll i o nin f reec a s h f l o w, s i g ni f i c an tl y l o w er t han t h e$ 694.9 million expected by analysts. However, it beat estimates for adjusted earnings and revenue.

DaVita (DVA)

DaVita shares declined 9% after the dialysis provider issued a weak 2025 profit outlook amid rising care costs. The company expects adjusted earnings per share between $10.20 an d$ 11.30, below the $11.24 consensus estimate. Additionally, Berkshire Hathaway reduced its stake in the company as part of a preplanned agreement.

Dexcom (DXCM)

Dexcom rose 3% after reaffirming its full-year revenue guidance, despite it being slightly below analysts’ expectations. The medical device maker also reported fourth-quarter revenue of $1.11 billion, in line with estimates.

DraftKings (DKNG)

DraftKings climbed 5.4% after raising the lower end of its full-year revenue guidance. The sports betting company now expects revenue of $6.3 bi ll i o n t o$ 6.6 billion, with a midpoint of $6.45 bi ll i o n, ab o v e t h e$ 6.39 billion consensus estimate.

Coinbase (COIN)

Coinbase slid 2.5% despite reporting strong fourth-quarter earnings. The crypto marketplace posted earnings of $4.68 p ers ha reo n$ 2.27 billion in revenue, well ahead of the $1.81 p ers ha re an d$ 1.88 billion revenue expected by analysts.