LMND - Hot Stocks: LMND FUBO BABA drop on earnings; CCRN advances
Stocks plunged in Thursday's pre-market trading, with Russia's invasion of Ukraine sparking a massive selling spree. The Nasdaq futures showed a decline of more than 3%, with the S&P futures indicating a slide of more than 2.5%. While geopolitical events dominated the action, some stocks still moved on individual corporate stories. That list included Lemonade (NYSE:LMND) and FuboTV (NYSE:FUBO), which both staged double-digit percentage retreats following their respective quarterly reports. Alibaba (NYSE:BABA) also lost ground in the wake of its earnings release. Meanwhile, financial figures had the opposite impact on Cross Country Healthcare (NASDAQ:CCRN). The stock bucked the overall negative trend in the market, rising in pre-market trading on strong earnings and guidance. Decliners Lemonade (LMND) plunged 21% in pre-market action after the company missed expectations with its Q4 earnings and provided weak Q1 guidance. The insurance provider reported a quarterly loss of $1.14 per share, compared to analysts' consensus
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Hot Stocks: LMND, FUBO, BABA drop on earnings; CCRN advances