Investing.com - Financial Markets Worldwide

Bumble shares slump premarket; Wix.com, Fiverr rise

AuthorScott Kanowsky
Published 19/02/2025, 13:10
© Reuters
NVDA
-0.86%
OXY
-0.36%
WWW
0.81%
META
0.40%
CNK
1.14%
WIX
3.29%
ANET
0.60%
FVRR
1.50%
BMBL
3.62%

Investing.com - U.S. stock futures turned lower on Wednesday, erasing earlier gains, with markets gauging uncertainties around geopolitics and trade, as well as the upcoming release of minutes from the Federal Reserve’s latest meeting.

Here are some of the biggest premarket U.S. stock movers today:

Bumble ’s (NASDAQ:BMBL) stock price shed more than 18% of its value after the dating app operator’s first-quarter sales outlook was short of forecasts, in a sign of potential headwinds facing the company’s ongoing turnaround effort.

Shares in Arista Networks (NYSE:ANET) dipped in premarket U.S. trading, with analysts noting a year-over-year decline in revenue from Meta Platforms (NASDAQ:META), a major customer of the networking equipment provider.

Occidental Petroleum (NYSE:OXY) shares were lower after the oil and gas firm unveiled production forecasts that were short of estimates.

Shares in Wix.com (NASDAQ:WIX) rose in premarket U.S. trading on Wednesday after price increases and strong demand for the website builder’s artificial intelligence-enhanced products helped it post better-than-anticipated fourth-quarter income.

Shares in Fiverr International (NYSE:FVRR) advanced after the freelance services marketplace operator reported better-than-expected fourth-quarter results and offered strong revenue guidance.

Nvidia (NASDAQ:NVDA) is expected to unveil “a strong set of results” next week and guidance that aligns or surpasses market expectations for total revenue and data center performance, according to analysts at UBS. The artificial intelligence-darling is due to report on February 26.

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.