By Peter Nurse
Investing.com — Featured Stocks in premarket trade on Friday, June 10. Please refresh for updates.
DocuSign (NASDAQ:DOCU) The stock fell more than 25% after the software company reported weaker-than-expected profits in its fiscal first quarter, with its net loss widening to $27.4 million from $8.3 million a year earlier.
stitch correction (NASDAQ:SFIX) The stock fell more than 15% after the online personal styling service announced layoffs totaling about 15% of its salaried staff as it tried to cut costs. It also provided a weak fourth-quarter revenue forecast.
waltz disney (NYSE:DIS) The stock rose 0.3% after the entertainment giant announced a major management change, with veteran Hollywood executive Peter Rice being replaced by Dana Walden as head of general entertainment content .
netflix (NASDAQ:NFLX) The stock fell 4.8% after Goldman Sachs lowered its investment stance on the streaming giant to “sell” from “neutral,” citing concerns about a consumer slump and increasing competition.
Roblox (NYSE:RBLX) The stock fell 4.6% after Goldman downgraded its investment rating on the gaming company to ‘sell’ it from ‘neutral’, saying user growth could slow in the market. post-pandemic world.
Illuminated (NASDAQ:ILMN) The stock fell 4.2% after the biotech company announced that Chief Financial Officer Sam Samad would leave next month after more than five years in the role.
Vail Resorts (NYSE:MTN) rose 6% after ski vacation company beat expectations both for the high and low of the fiscal third quarter, also heralding strong pass sales for the coming winter.