Stocks Making the Biggest Moves After Hours: Novavax, Allbirds and More

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A woman holds a vial labeled “Coronavirus COVID-19 Vaccine” and a medical syringe in front of the Novavax logo shown in this image, taken on October 30, 2020.

Novavax — Biotech stocks fell 32% after Novavax lowered full-year revenue forecast due to poor demand for its Covid vaccines.

Take-Two interactive software — Shares fell 6% after the video game company behind titles like Grand Theft Auto reported weaker-than-expected earnings. Take-Two reported revenue of $1 billion, less than the $1.09 billion analysts projected by Refinitiv.

Upstart — Shares fell 7% after the consumer loan company posted disappointing second-quarter results. Upstart earned 1 cent per share on $228.2 million in revenue. Analysts surveyed by Refinitiv estimate earnings of 10 cents per share on revenue of $241.6 million.

allbirds — Shoe inventory fell 12% after Allbirds lowered its outlook for the year and announced efforts to cut costs, citing weaker consumer spending. The footwear and apparel company further exceeded expectations in its second quarter results, compared with Refinitiv’s consensus estimates.

His and her health — Shares gained more than 4% after the telehealth company reported quarterly results and raised its full-year outlook, citing continued momentum in net new subscriptions.

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