Disney, Sonos, Desktop Metal and other big stocks fall in…

Disney, Sonos, Desktop Metal and other big stocks fall in…

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  • Sonos, Inc. SONO Shares fell 25.2% to $15.82 in premarket trading after the company issued a weak FY23 revenue guidance.
  • WW International, Inc. ww Shares fell 12.6% to $7.25 in premarket trading after the company announced that its former controlling shareholder Artal Group SA sold its remaining minority stake in the company in a Rule 144 block trade.
  • MaxCyte, Inc. MXCT Shares fell 10.8% to $4.15 in premarket trading after the first-quarter results were announced.
  • DesktopMetal, Inc. DM Shares fell 9.5% to $1.72 in premarket trading after the company reported worse-than-expected first-quarter sales.
  • TORM plc TRMD Shares fell 6.7% in premarket trading to $28.09.
  • Ginkgo Bioworks Holdings, Inc. DNS Shares fell 6% to $1.27 in premarket trading after the company reported worse-than-expected first-quarter results.
  • Sixth Street Specialty Lending, Inc. TSLX fell 5.5% to $17.41 in premarket trading after reporting a public offering of common stock.
  • The Walt Disney Company DIS fell 5.3% to $95.79 in premarket trading. Disney reported comparable earnings for the second quarter, but said paid Disney+ subscribers fell 2% year over year during the quarter.
  • Icahn Enterprises LP IEP fell 5.2% to $30.55 in premarket trading. Icahn Enterprises shares fell 15% on Wednesday after the company announced it was contacted by the US Attorney’s Office for the Southern District of New York for information regarding its corporate governance. The company also reported a decline in earnings per share in the first quarter.
  • Telefónica, SA TEF fell 4.6% to $4.20 in premarket trading following the first quarter results.
  • Benson Hill, Inc. BHIL Shares fell 4.1% to $1.63 in premarket trading. Shares of Benson Hill rose 38% on Wednesday after the company reported a year-over-year increase in first-quarter EPS results and better-than-expected first-quarter revenue results.

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