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Business

Stocks making the biggest moves after hours: Novavax, Allbirds and more




A woman holds a small bottle marked with a “Coronavirus COVID-19 Vaccine” sticker and a medical syringe in front of the Novavax logo shown in this illustration taken on Oct. 30, 2020.

Given Ruvic | Reuters

Check the companies that make headlines after working hours.

Novavax ̵[ads1]1; The biotech stock fell 32% after Novavax cut its full-year earnings due to poor demand for its Covid vaccines.

Take-Two Interactive Software — Shares fell 6% after the video game company behind titles such as Grand Theft Auto reported weaker-than-expected revenue. Take-Two reported $1 billion in revenue, less than the $1.09 billion forecast by analysts surveyed by Refinitiv.

Upstart — Shares fell 7% after the consumer loan company posted disappointing second-quarter results. The upstart earned 1 cent per share on revenue of $228.2 million. Analysts surveyed by Refinitiv estimated earnings of 10 cents per share on revenue of $241.6 million.

Allbirds — The footwear stock fell 12% after Allbirds cut its outlook for the year and announced cost cuts, citing weaker spending. The footwear and clothing company otherwise beat expectations in its results for the second quarter, compared to consensus estimates from Refinitiv.

Hims & Hers Health — Shares rose more than 4% after the telehealth company reported quarterly results and raised its full-year outlook, citing continued momentum in net new subscriptions.



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