These were the some of the most active stocks on Thursday: Stock gainers: Lemonade Inc.’s stock
LMND,
+1.65%
surged 13% in the premarket Thursday after the online insurance provider’s results and outlook, delivered after-hours on Wednesday, came in better than expected.
Zillow Group Inc.‘s shares
Z,
-1.00%
rose nearly 5% after the company reported first-quarter earnings that topped Wall Street views despite an uncertain residential real-estate environment. Stock decliners: Shares of PacWest Bancorp
PACW,
-1.98%
and Western Alliance Bancorp
WAL,
-4.40%
tanked 40% and 19%, respectively, in the premarket Thursday after a report said that PacWest is weighing its options following the collapse of First Republic bank this week and of other regional banks recently. Qualcomm Inc.‘s
QCOM,
-2.82%
stock sank as much as 7% after the chip maker’s forecast fell short of Wall Street expectations on weaker-than-expected handset sales that are pushing inventory drawdowns, that were initially expected to last until June, out for “at least the next couple quarters.” Shares of Synaptics Inc.
SYNA,
-0.50%
tanked more than 17% early Thursday after the maker of human- interface hardware and software such as touchpads called for a weaker current quarter due to “the current economic slowdown.” Upwork Inc. shares
UPWK,
-7.50%
retreated 13% in the premarket Thursday after the freelancing platform reported a better-than-expected first quarter but cut guidance due to the economy and “related trends to our business.”
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