Stock futures indicated a rebound for investors on Wednesday, with tech stocks, which have faced concerns about valuations, leading to the gains.
Here are a few of the leading movers during premarket trading on Wednesday.
1.Lyft |Up 4.8%
Shares of Lyft ( LYFT) – Get Report were higher a day after the ride-hailing service said ridership in the last week in February was its finest in nearly a year. For the existing quarter, the company anticipated a narrower adjusted loss before interest, taxes, devaluation, and amortization than it previously predicted.
2.Las Vegas Sands LVS|Up 1.5%
Shares of Las Vegas Sands ( LVS) – Get Report rose after the business struck an offer to offer its Las Vegas realty properties and gambling operations, including the Venetian Resort Las Vegas and the Sands Exposition and Convention Center, to the New York private-equity firm Apollo Global Management ( APO) – Get Report for $6.25 billion.
3.Rocket Cos. RKT|Down 8.9%
Shares of Rocket Cos. ( RKT) – Get Report slipped after the home mortgage lending institution discovered itself amid a short squeeze possibly fueled by financiers who belong to Reddit’s online message board WallStreetBets.
4. Zoom Video ZM|Up 1.9%
Shares of Zoom Video ( ZM) – Get Report rose a day after ARK Invest’s Cathie Wood purchased more than 250,000 shares of the videoconferencing platform, valued at $95 million.
5.Dollar Tree DLTR|Down 2.6%
Shares of Dollar Tree ( DLTR) – Get Report slipped Wednesday after the discount retailer posted stronger-than-expected fourth-quarter incomes but narrowly missed income forecasts. Comparable-store sales increased 4.9%, short of the 5.5% quote of analysts surveyed by FactSet.