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Pre-Open Movers: Small-cap UNITY Bio Climbs 110%, Alibaba Declines

August 12, 2022 8:54 AM EDT

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UNITY Biotechnology (NASDAQ: UBX) +110%; today announced 12- and 18-week data from its Phase 2 BEHOLD study of UBX1325, a senolytic Bcl-xL inhibitor, in patients with diabetic macular edema (DME).

Payoneer Global Inc. (NASDAQ: PAYO) +18%; shares are trading over 20% higher in premarket trading on Friday after the fintech company delivered strong Q2 results and upgraded its full-year guidance.

Toast (NYSE: TOST) +14%; reported Q2 EPS of ($0.11), $0.01 better than the analyst estimate of ($0.12). Revenue for the quarter came in at $675 million versus the consensus estimate of $651.28 million.GUIDANCE: Toast sees Q3 2022 revenue of $700-730 million, versus the consensus of $665 million.

Rivian Automotive (NASDAQ: RIVN) +2%; reported Q2 EPS of ($1.62), $0.01 better than the analyst estimate of ($1.63). Revenue for the quarter came in at $364 million versus the consensus estimate of $335.38 million.

CS Disco, Inc (NYSE: LAW) -35%; receives three downgrades following EPS miss.

Olo Inc. (NYSE: OLO) -32%; slashed its revenue guidance. Piper Sandler analyst Brent Bracelin cut the rating on OLO stock to Neutral from Overweight to reflect mounting growth headwinds.

Illumina (NASDAQ: ILMN) -16%; reported Q2 EPS of $0.57, $0.07 worse than the analyst estimate of $0.64. Revenue for the quarter came in at $1.16 billion versus the consensus estimate of $1.22 billion. GUIDANCE: Illumina sees FY2022 EPS of $2.75-$2.90, versus the consensus of $4.12.

Treasure Global (NASDAQ: TGL) -10%; IPO climbed 345% intraday.

Alibaba (NYSE: BABA) -3%; and other U.S.-listed Chinese stocks declined after three of the largest Chinese state-owned companies announced plans to delist from American exchanges.

  • Pinduoduo (NASDAQ: PDD) -4%
  • JD.com (NASDAQ: JD) -4%


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