Stock futures pointed to a mixed start for Wall Street on Thursday after a jump in U.S. consumer prices added to worries that higher inflation could hamper an economic recovery.
Here are some of the top movers during premarket trading on Thursday.
1. Vroom VRM | Up 12%
Revenue jumped 57% to $591.1 million, ahead of FactSet estimates of $517.2 million.
Consumer demand for cars and online purchases generally has exploded during the pandemic
2. Tesla TSLA | Up 1.1%
3. Bumble BMBL | Up 0.5%
Bumble more than doubled its revenue as paid users grew.
4. Alibaba BABA | Down 3%
U.S.-listed shares of Alibaba (BABA) - Get Report fell after the Chinese retail giant swung to a loss for its March quarter as the company faced an anti-monopoly fine. Alibaba also reported better-than-expected fiscal-fourth-quarter revenue.
Group revenue, Alibaba said, rose 64% to 187.4 billion yuan ($29.03 billion), compared with analysts' consensus forecast of 180.4 billion yuan.