Pre-Market Stock Movements

Here’s a quick look at some companies making significant pre-market moves:

• Netflix — The streaming service saw a 10% drop as investors reacted negatively to its forecasts. Netflix projects earnings of 78 cents per share for the second quarter, falling short of the 84 cents per share expected by analysts. Additionally, news that co-founder Reed Hastings will resign from the board in June added to the stock’s downturn.
• Alcoa — Shares dipped by 2% after the aluminum producer reported lower profits last quarter. The adjusted earnings stood at $1.40 per share, lower than the $1.49 per share predicted by analysts. Its revenue of $3.19 billion also missed expectations of $3.28 billion.
• Affirm — The buy now, pay later company surged over 3% following Morgan Stanley’s designation of it as a top preferred stock. They highlighted Affirm’s potential for earnings growth and the resulting boost to stock prices as private credit concerns ease. The company’s stock had dropped 19% in 2026.
• Knight Swift Transportation Holdings — Shares fell by 1% after the company revised its first-quarter earnings forecast downwards. Management cited winter weather impacting demand, along with rising fuel costs in March as factors likely to affect the already negative supply trends in the trucking sector.
• Oracle — The stock rose another 2% in premarket trading, marking its sixth consecutive session of gains. Oracle has increased by over 30% this week, potentially making it the company’s best week since 1999.
• ALBEMARLE — Shares decreased by more than 2.5% after Baird Co. downgraded the stock from outperform to neutral. This came after a significant 16% rise on Thursday.
• Software Stocks — Many software stocks continued to recover on Friday. Companies like Salesforce, Adobe, and ServiceNow each saw about a 2% increase, while DataDog rose by 1.5%. The iShares Expanded Technology Software Sector ETF has climbed over 14% this week.
• Ally Financial — The bank’s shares jumped by 2.5% after it reported earnings that exceeded expectations, though it missed the revenue target. Ally posted earnings of $1.11 per share, surpassing forecasts of $0.93, while revenue was $2.1 billion, just shy of the $2.14 billion expectation.