Stocks making the biggest moves premarket: PacWest, Disney, Robinhood and more

cnbc.com:

Check out the companies making headlines before the bell.

PacWest — Shares plunged 20% after the regional bank stock said deposits fell 9.5% for the week ended May 5. If necessary, PacWest said it has access to $15 billion of available liquidity. Other regional banks stocks moved lower on the news, with Western Alliance and First Horizon down 7.3% and 3.2%, respectively.

Disney — The media stock slumped more than 5%. Disney posted a decline in streaming subscribers even as losses for the business improved. The company also reported revenue and profit that was roughly in line with Wall Street's expectations.

Robinhood — Shares climbed more than 4% after the retail brokerage reported a revenue beat, with $441 million in the first quarter against analyst estimates of $425 million, according to Refinitiv. Robinhood also showed growth in monthly users, which hit 11.8 million.

Unity Software — Shares popped more than 9% after the video game software developer topped revenue expectations for the recent quarter and raised its full-year revenue outlook.

Sonos — Shares shed nearly 24% after the home sound systems maker reporter a wider-than-expected loss for the recent quarter and cut its outlook for the second half of the 2023 fiscal year amid a softening demand environment.

Tapestry — Tapestry soared 10% after exceeding analysts' third-quarter expectations. The American luxury fashion company behind Coach and Kate Spade reported adjusted earnings of 78 cents per share, topping consensus estimates of 60 cents per share, according to FactSet. It posted revenue of $1.51 billion, which was higher than calls for $1.44 billion. In addition, Tapestry raised its full-year guidance, which was also better than what analysts expected.

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