FSR - Hot Stocks: FSR shows strong demand; PAYO climbs on earnings; POSH OLO drop

Electric vehicle maker Fisker ( FSR ) received significant attention in Friday's premarket trading. Shares advanced after the company signaled strong demand.

Payoneer GlobAl ( PAYO ) also exhibited strength before the opening bell, rising in the wake of its quarterly report. Earnings news had the opposite impact on Poshmark ( NASDAQ: POSH ) and Olo ( OLO ), with both stocks dropping following the release of their financial figures.

Gainers

Fisker ( FSR ) edged higher in premarket trading as the EV maker's production plans showed signs of strong demand . The company said it sold out of the 2023 allotment for the U.S. of the Fisker Ocean SUV and the Fisker Ocean Ultra.

On the news, shares rose nearly 2%.

Meanwhile, earnings news sparked buying in Payoneer GlobAl ( PAYO ), which climbed almost 20% in premarket action. The financial services firm reported a GAAP profit, while analysts were predicting a loss.

The company also raised its 2022 revenue forecast, saying it now expects a top-line figure between $580M and $590M. Previously, PAYO had predicted $550M-$560M.

Decliners

Poshmark ( POSH ) reported a Q2 loss that came in wider than analysts had projected. Revenue rose nearly 9% from last year.

The online marketplace also provided soft guidance . The company predicted $85M to $87M, compared to the nearly $88M forecast by Wall Street experts. Shares slipped 4% on the news.

The release of financial figures also put pressure on Olo ( OLO ). Shares of a provider of an online ordering and delivery platform for restaurants cratered 32% after the company missed expectations on both the top and bottom lines.

Looking ahead, the company predicted 2022 revenue of $183M to $184M. Analysts were looking for a figure of nearly $191M.

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