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Stock impact report

Stocks making the biggest moves premarket: Twitter, Affirm, Robinhood and more [CNBC]

Affirm Holdings, Inc. - Class A (AFRM) 
Company Research Source: CNBC
Twitter (TWTR) – Twitter tumbled 14.6% in premarket trading after Elon Musk tweeted that his deal to buy the company was “temporarily” on hold , as he awaits details on the number of fake and spam accounts on the platform. Affirm Holdings (AFRM) – Affirm reported a quarterly loss of 19 cents per share, smaller than the 51 cent loss that analysts were anticipating, with the fintech company's revenue beating forecasts. Affirm also raised its full-year revenue outlook and announced the extension of its ongoing partnership with e-commerce platform operator Shopify . The stock rocketed 33.8% higher in the premarket. Robinhood Markets (HOOD) – Robinhood soared 22.4% in premarket trading after Sam Bankman-Fried – who founded cryptocurrency exchange FTX – revealed a 7.6% stake in a regulatory filing. The purchase makes him the third largest shareholder in the trading platform company. Toast (TOST) – Toast added 3.2% in the premarket after the restaurant-focused technology platform comp Show less Read more
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