Premarket stock moves: Cigna, Apple, DraftKings, Lyft & more

Cigna

 —Cigna's premarket trading rose by 3% as the company exceeded top and bottom-line estimates for the latest quarter and raised its full-year forecast. Cigna's lower medical costs and strong growth at its health insurance unit contributed to its positive results.

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Warner Bros. Discovery

 — Warner Bros. Discovery's stock fell by 2.3% in premarket trading after reporting a quarterly loss, with adjusted earnings slightly missing expectations. However, its streaming business reported a quarterly profit, reversing previous losses.

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DraftKings

 — DraftKings' stock surged 11.6% in premarket trading following its significantly higher than expected revenue for the latest quarter and increased full-year outlook.

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Apple

 — Apple's stock increased by 2.7% in premarket trading after beating quarterly earnings and revenue estimates, with strong results for its flagship iPhone. However, Apple reported its second consecutive quarter of declining revenue for only the 3rd time in the past decade.

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Bumble

 — Bumble's higher than expected quarterly sales, due to strong user demand for its dating app, led to a 9.1% increase in premarket trading.

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Booking Holdings

 — Booking Holdings' shares fell by 3% despite reporting quarterly profit and sales that beat analyst estimates amid strong travel demand. However, its adjusted earnings fell short of analyst forecasts, and the stock was trading near all-time highs prior to the report.

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Expedia

 — Expedia's stock rallied 5.6% following its quarterly results, despite the travel website operator reporting a larger-than-expected loss. Expedia reported its highest-ever first-quarter revenue, in addition to a 20% leap in gross bookings.

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DoorDash

 — DoorDash's premarket gain of 4% followed a smaller-than-expected loss for the food delivery service, as well as quarterly revenue that beat analyst forecasts. DoorDash also raised its full-year guidance, as demand for its services remained strong.

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Lyft

 — Lyft's shares plunged by 15.4% in off-hours trading as the ride-hailing service issued a weaker-than-expected forecast for the current quarter, despite better-than-expected quarterly results.

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Coinbase

 — Coinbase posted better-than-expected quarterly results, leading to an 8.1% premarket rally for the cryptocurrency exchange's stock, despite a warning from the company.

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