Under Armour, Zillow, Lucid Fall Premarket; DraftKings, DoorDash Rise By Investing.com

By Peter Nurse

Investing.com — Stocks in focus in premarket trade on Friday, May 6th. Please refresh for updates.

• Cigna (NYSE:) stock rose 0.6% after the health insurer reported better-than-expected profit, helped by growth in its health services unit, and modestly raised its full-year profit forecast.

• Under Armour (NYSE:) stock slumped 16% after the sportswear maker an unexpected loss and forecast full-year profit below expectations, as it grapples with higher costs related to supply chain disruptions and a hit to its business from renewed COVID-19 curbs in China.

• DoorDash (NYSE:) stock rose 6% after the food delivery company reported a better-than-expected 35% jump in , and raised its full-year forecast for gross order value, a key industry metric.

• DraftKings (NASDAQ:) stock rose 3.9% after the sports betting company reported strong revenue growth in the quarter, resulting in it raising its full-year revenue guidance.

• Lucid Group (NASDAQ:) stock fell 0.6% after the electric vehicle maker a narrower loss than expected after the close on Thursday, but announced it will raise prices for most models from June as it deals with rising raw materials costs.

• Block (NYSE:) stock rose 5.4% after the financial services company beat operating profit estimates, adding it had not seen a decline in overall consumer spending through April.

• Live Nation Entertainment (NYSE:) stock rose 2% after the concert promoter reported a narrow-than-expected as the concert and sports business rebounded.

• Zillow Group (NASDAQ:) stock slumped 15% after the online real-estate marketplace offered a disappointing outlook amid concerns that rising interest rates will hit the housing market.

• Sweetgreen (NYSE:) stock rose 2.3% after the salad chain posted higher revenues than expected in the , with customers returning.

• Wayfair (NYSE:) stock fell 2.3% after Piper Sandler downgraded its stance on the online furniture retailer to ‘neutral’ from ‘overweight’, saying the company continues to burn through cash.