Stocks making the biggest moves premarket: Apple, Block, Atlassian, Reddit, Airbnb and more

by | May 2, 2025 | Financial

Check out the companies making headlines in premarket trading. Block — The financial technology stock plunged nearly 22% following weak first-quarter revenue. Block said it brought in $5.77 billion, while analysts surveyed by LSEG had projected $6.20 billion. Atlassian – Shares sank 12% after the software company issued weak guidance. Atlassian expects fourth-quarter revenue to range between $1.35 billion and $1.36 billion, versus the $1.36 billion consensus estimate, per LSEG. However, the company beat on both the top and bottom line for its third quarter. Chevron — Shares declined 2% after the oil major said it would repurchase $2.5 billion to $3 billion in stock in the second quarter, less than the $3.9 billion it bought back in the prior quarter. Net income also declined more than 30% from the comparable three-month period a year earlier. Apple — Shares pulled back more than 3% after CEO Tim Cook told investors on the company’s earnings call that it will be “very difficult” to forecast the effect of tariffs on the iPhone maker beyond the June quarter. Apple beat Wall Street’s second-quarter estimates on the top and bottom line, but its Services segment missed consensus expectations. Airbnb — Shares slid nearly 5% after the vacation rental platform. Despite the company slightly beating expectations for revenue in the first quarter, it list …

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