This morning saw some of the biggest stock moves premarket as investors reacted to news from a variety of companies.
Beyond Meat, Inc. saw its stock surge as much as 9.3% after the company announced it would launch its vegan burgers in 7,000 Walmart stores across the U.S.
Salad restaurant chain Sweetgreen saw its stock jump as much as 5.1% after reporting a 7.3% increase in same-store sales in the first quarter of 2021.
Adobe Inc. saw its stock rise as much as 4.7% after the company reported a 36% increase in revenue for the first quarter of 2021.
Block.one, the company behind the cryptocurrency EOS, saw its stock jump as much as 7.8% after announcing a new blockchain-based payments platform.
Other stocks that saw notable premarket moves included Zoom Video Communications, which rose as much as 4.5%, and Shopify, which jumped as much as 3.9%.
Overall, it was a volatile morning for the stock market as investors reacted to the news from these companies.