Stocks making the biggest moves premarket: Capri, Tapestry, AppLovin, Disney and more

Check retired the companies making headlines earlier the bell:

Capri, Tapestry — Capri soared much than 57%, portion Tapestry slid 3.2% successful premarket trading. The moves travel aft luxury institution Tapestry, which is down the brands Coach and Kate Spade, announced Thursday it would get Capri Holdings successful a astir $8.5 cardinal deal. Capri owns the Versace, Jimmy Choo and Michael Kors brands. 

AppLovin — AppLovin shares popped 25.8% successful aboriginal greeting trading aft the institution posted beardown second-quarter results and optimistic third-quarter gross guidance. The crippled developer said it expects $780 cardinal to $800 cardinal successful gross for the 3rd quarter, exceeding the $741 cardinal expected by analysts. AppLovin reported net of 22 cents per stock for the 2nd quarter, portion analysts expected 7 cents, according to Refinitiv.

Sonos — Sonos popped 5% aft beating analysts' expectations successful its latest quarterly results. The wireless talker shaper reported a nonaccomplishment of 18 cents per stock connected gross of $373 cardinal for its fiscal 3rd quarter. Analysts polled by Refinitiv had expected a 20 cent nonaccomplishment per stock connected gross of $334 million. Sonos besides raised its full-year EBITDA guidance.

Alibaba Group — The U.S. listed shares of Alibaba roseate 3.8% aft the Chinese tech institution bushed analysts' expectations successful its 4th ending June. It reported non-GAAP per-share diluted net of CNY17.37, much than the statement estimation of CNY14.59, according to StreetAccount. It posted gross of CNY234.16 billion, exceeding the CNY224.75 cardinal forecast. 

Wynn Resorts — Wynn Resorts gained 2.2% aft exceeding expectations for its 2nd 4th connected the apical and bottommost lines. The casino relation posted adjusted net of 91 cents per stock connected gross of $1.6 billion. Analysts polled by Refinitiv had anticipated 59 cents connected gross of $1.54 billion.

Walt Disney — Shares of the media elephantine gained astir 2% successful premarket trading aft the institution said it would rise the terms connected its ad-free streaming tier successful October and that it would ace down connected password sharing. Disney reported a 7.4% diminution successful subscriber count past quarter, however. It besides recorded $2.65 cardinal successful one-time charges and impairments, dragging the institution to a uncommon quarterly nett loss.

Trade Desk — Shares of the advertizing exertion institution moved up little than 1% aft a second-quarter study that bushed expectations connected the apical and bottommost lines. Trade Desk generated 28 cents successful adjusted net per stock connected $464 cardinal of revenue. Analysts surveyed by Refinitiv were expecting 26 cents per stock connected $455 cardinal of revenue. The institution besides said it expected gross of astatine slightest $485 cardinal successful the 3rd quarter, supra the $480 cardinal projected by analysts.

Six Flags Entertainment — Shares slid 3% aft Six Flags reported second-quarter net that missed estimates. The amusement parkland institution reported net of 25 cents per stock connected gross of $444.0 million. Analysts polled by Refinitiv had anticipated per-share net of 78 cents connected gross of $459.0 million.

Illumina — Illumina dropped 4.6% aft reporting weaker-than-expected guidance. The DNA sequencing institution surpassed expectations for the 2nd quarter, but expects immoderate weakness successful the 2nd fractional of the twelvemonth due to the fact that of a dilatory betterment successful China and a much cautious consumer. Illumina forecasts full-year gross to emergence 1% twelvemonth implicit year, little than the 7.1% emergence analysts polled by Refinitiv were anticipating. 

— CNBC's Yun Li, Jesse Pound and Pia Singh contributed reporting