DIDI - Hot Stocks: DOCU ASAN plunge on earnings; PTON gets Buy rating; DIDI delisting; SMAR rallies
Is the stay-at-home trend dead for good? Friday's pre-market trading provided an arena to contest that debate. On one side, DocuSign (NASDAQ:DOCU) and Asana (NYSE:ASAN) both plunged in the wake of their quarterly results, suggesting that these one-time remote-work darlings are having trouble maintaining growth in the post-pandemic economy. On the other hand, Peloton Interactive (NASDAQ:PTON) rallied in pre-market action after an analyst argued that the sell-off in the home workout company has gone too far. Looking to other parts of the market, the DiDi Global (NYSE:DIDI) saga has taken another twist. The controversial Chinese IPO now plans to delist its stock in the U.S., sending shares sharply lower in pre-market action. In other news, Smartsheet (NYSE:SMAR) posted a double-digit percentage gain on a better-than-expected quarterly report. Decliners DocuSign (DOCU) reported Q3 quarterly results that topped expectations but its revenue forecast came up short of consensus. These signs of slowing
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Hot Stocks: DOCU, ASAN plunge on earnings; PTON gets Buy rating; DIDI delisting; SMAR rallies