Stocks making the biggest moves premarket: Moderna, Cigna, Penn National, Wayfair and others

Take a look at the companies that are making headlines even before the bell rings.Moderna (MRNA). Moderna shares dropped 2.4% in premarket despite reporting better than expected earnings and revenue. Moderna also stated that its Covid-19 vaccine was 93% effective after six months. Moderna's latest quarter saw it earn $6.46 per share, exceeding the consensus estimate of $5.96.Cigna (CI). Cigna (CI), an insurance company, beat estimates by 28 Cents. It reported adjusted quarterly earnings of $5.24 per shares and revenue that was also higher than estimates. However, it did not note the negative effect of higher medical expenses and the stock dropped 3.7% in premarket trades.Penn National (PENN), Penn has purchased digital media and sports betting company Score Media(SCR) for $2B in cash and stock. This sent Score shares soaring 72.4% in premarket trades. The gaming company also reported a quarter profit of $1.17 per shares, surpassing the 92c consensus estimate. Score shares also gained 2.7% in premarket trading.Robinhood (HOOD), The stock of the trading platform company fell 11.3% in premarket trades after it announced that it would sell upto 97.9 millions shares over time. The company will not receive any proceeds from this sale. Instead, the shares will be purchased from different stockholders. Robinhood's shares rose more than 50% during Wednesday trading.Wayfair (W). Wayfair's shares surged 8.7% after the quarterly profit of $1.89 per Share, well above the consensus estimate at $1.15. It also stated that its quarter-end revenue of $3.9 billion was well above the pre-pandemic rates.Regeneron (REGN), The stock of the drug company saw a 3.3% increase in premarket trading, beating both top-line and bottom-line estimates. The demand for the COVID-19 anti-body cocktail was a major factor in the company's results.Roku (ROKU). Roku shares fell 8.8% in premarket trades after the video streaming device manufacturer reported lower-than-expected user growth. Roku reported better-than-expected earnings in its most recent quarter with a profit at 52 cents per share, compared to a consensus estimate of 13 cents. Wall Street forecasts were also exceeded by revenue.Fastly (FSLY), Fastly lost 14c per share in the second quarter. This was 2 cents less that analysts expected. The cloud software company reported that its revenue fell short of expectations and that a widespread network failure in June would continue to affect results for the remainder of the year. Premarket shares fell 21.8%Uber (UBER). Uber reported a surprise profit at 58 cents per shared, which was in contrast to consensus predictions of a loss of 51 cents per shares. Uber beat its estimates for revenue, but the stock is still under pressure due to Uber's quarterly profit mostly coming from investments. Premarket action saw Uber share prices fall by 4.5%Electronic Arts (EA). Electronic Arts beat expectations by 12 cents. The adjusted quarterly earnings were 79c per share. Analyst forecasts also exceeded the revenue. EA gave a positive current-quarter forecast due to the strength of franchises such as "FIFA 2021". Premarket trading saw the stock rise 3.4%.Booking Holdings (BKNG). Booking Holdings suffered an adjusted loss of $2.55 per share in the second quarter. This was more than the $2.04 Wall Street expected. The parent company of Priceline, Kayak, and other travel services saw revenue rise above expectations and almost triple as a result of increased travel demand and easing restrictions. Premarket, the stock gained 3.1%.Etsy (ETSY). Etsy earned 5 cents more than expected with quarterly earnings at 68 cents per shill. The online marketplace operator for crafts also reported revenue that was higher than analyst estimates. The stock is now under pressure due to disappointing user growth and a 12.5% decline in premarket trading.Lemonade (LMND). Lemonade shares fell 8.8% in premarket trading after the insurance company reported a decline in sales and quarterly losses more than twice as high as a year ago. Lemonade did however release a better-than-expected full year revenue forecast.