Stocks making the biggest moves premarket: SVB Financial, Allbirds, DocuSign and more
Publishing timestamp: 2023-03-10 08:03:04
Summary
Several companies saw their stock prices drop in early morning trading, including SVB Financial, Allbirds, DocuSign, Oracle, Gap, and Vail Resorts. SVB Financial's big slide continued after announcing plans to raise capital to offset losses on bond sales, while Allbirds saw a significant drop in share price after failing to post year-over-year quarterly sales growth for the first time and unveiling a transformation strategy and executive shake-up. DocuSign dropped despite beating earnings and revenue expectations and Oracle missed revenue expectations for its latest quarter. Gap also announced a big quarterly loss and weaker-than-expected guidance. Vail Resorts' mixed financial report and weak guidance led to a 2% drop in stock price, while Roblox saw a 2.9% increase after being upgraded by Jefferies.
Sentiment: NEGATIVE
Tickers: MTN, ORCL, DOCU, FRC, RBLX, SBNY, GPS, SIVB, ZION, BIRD,
Keywords: allbirds inc, vail resorts inc, stock markets, docusign inc, zions bancorporation na, roblox corp, market insider, svb financial group, breaking news, oracle corp, gap inc, signature bank, breaking news: markets, business news, first republic bank,