Stocks Making the Greatest Movements Premarket 05/05

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Last Updated on May 5, 2023 by Bitfinsider

Cigna — Cigna rose 3% in premarket trade after exceeding top- and bottom-line expectations in the most recent quarter and improving its full-year prediction. Lower medical costs and robust growth at Cigna’s health insurance unit boosted the company’s performance.

Warner Bros. Discovery — The media giant dropped 2.3% in premarket trading after reporting a quarterly loss and adjusted earnings that fell slightly short of estimates. However, its streaming business turned a profit after previously losing money.

DraftKings — The stock of the sports betting company rose 11.6% in premarket trading after DraftKings reported much higher-than-expected revenue for its most recent quarter and raised its full-year estimate.

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