© Reuters. Pre-Open Movers: Pinduoduo Gains on EPS, Tech Stocks Lower Again
Pre-Open Stock Movers:
Pinduoduo (NASDAQ:) 12% HIGHER; reported Q2 non-GAAP of RMB 7.54 (U.S $1.13), versus RMB 2.85 reported last year. Revenue for the quarter came in at RMB 31.44 billion, versus RMB 23.9 billion reported last year.
Astra Space Inc (NASDAQ:) 10% HIGHER; announced that it has been selected by Airbus OneWeb Satellites, LLC (AOS) to supply the Astra Spacecraft Engine for integration into the portfolio of Arrow commercial small satellites manufactured by AOS.
Bed Bath & Beyond Inc (NASDAQ:) 8% HIGHER; gains ahead of business update on 31 August.
Coinbase Global , Inc. (NASDAQ:) 3% LOWER; trades below $20K.
MicroStrategy Incorporated (NASDAQ:) 3% LOWER; Bitcoin trades below $20K.
Westlake Chemical (NYSE:) 3% LOWER; KeyBanc downgraded from Sector Weight to Underweight with a price target of $90.00.
LyondellBasell Industries (NYSE:) 2% LOWER; KeyBanc downgraded from Sector Weight to Underweight with a price target of $73.00.
Amazon.com, Inc. (NASDAQ:) 1% LOWER; tech stocks continue lower following Powell’s speech on Friday.
Alphabet Inc. (NASDAQ:) 1% LOWER; tech stocks continue lower following Powell’s Jackson Hole speech on Friday.
Microsoft Corporation (NASDAQ:) 1% LOWER; tech stocks continue lower following Powell’s Jackson Hole speech on Friday.
Selectquote Inc (NYSE:) 1% LOWER; reported Q2 of $0.64, $0.47 worse than the analyst estimate of $0.17. Revenue for the quarter came in at $139.4 million versus the consensus estimate of $200.55 million. SelectQuote, Inc. sees FY2022 revenue of $850 – $950 million.
