Stock futures were lower Wednesday as investors awaited inflation data amid worries that higher price pressures could hamper the U.S. economic recovery.
Here are some of the top movers during premarket trading on Wednesday.
1. FuboTV FUBO | Up 22.52%
Shares of fuboTV (FUBO) - Get FUBOTV INC. Report soared in premarket trading Wednesday after the sports streaming company reported that revenue more than doubled in the first quarter and it boosted its guidance.
2. Unity Software U | Up 4.98%
3. Electronic Arts EA | Up 1.59%
The company also issued an upbeat annual forecast, saying it expects pandemic-related momentum to continue.
4. Lemonade LMND | Down 6.61%
Shares of Lemonade (LMND) - Get Lemonade, Inc. (LMND) Report dropped in premarket trading Wednesday after the online insurance company said it expects current-quarter revenue less than analysts' projections.
Lemonade matched forecasts with a first-quarter loss of 81 cents a share, while revenue exceeded estimates.
5. Wendy's WEN | Up 5.26%
Wendy's (WEN) - Get Wendy's Company Report was rising more than 5% in premarket trading after the fast-food chain reported quarterly earnings and sales that beat analysts' forecasts and raised its outlook for the year amid expectations of a post-pandemic rebound.