Build-A-Bear Workshop Inc. shares BBW, -6.16% fell 5% in premarket trade Thursday, after the maker of teddy bears and other soft toys missed profit estimates for its fiscal second quarter. The company posted net income of $5.8 million, or 38 cents a share, for the quarter to July 30, down from $6.8 million, or 42 cents a share, in the year-earlier period. Revenue rose 6.3% to $100.7 million from $94.7 million a year ago. The FactSet consensus was for EPS of 45 cents and revenue of $96.7 million. Like other retailers, Build-A-Bear ended the quarter with higher inventory, of $87.7 million, up by $40.4 million from the year-earlier period. However, the company "is comfortable with the composition and level of its inventory which supports increased consumer demand and critical seasonal products. The Company continues to expect to end the year with total inventory below the 2021 fiscal year-end level," it said in a statement. The company is sticking with full-year guidance for revenue of $40 million to $460 million, which compares with a FactSet consensus of $454.5 million. Shares are down 21.5% in the year to date, while the S&P 500 SPX, -0.73% has fallen 17%.

Shares of mega-capitalization companies Apple Inc. undefined, Amazon.com Inc. undefined and Tesla Inc. undefined are all falling toward losing streaks of at least five sessions, enough to push them below their respective 50-day moving averages (50-DMA) for the first time in nearly two months. Many chart watchers on Wall Street view the 50-DMA as a short-term trend tracker. Apple's stock is down 0.7% in midday trading, and has shed 8.2% amid a five-day losing streak. The technology behemoth's stock is in danger of closing below the 50-DMA, currently at $156.46, for the first time since July 6. Ecommerce giant Amazon's stock, which was losing 2.3% and has slid 9.7% the past five days, is headed for the first close below its 50-DMA ($125.84) since July 14. And Tesla shares slumped 3.1% on Wednesday, and has sunk 10.1% amid a six-day losing streak. The electric vehicle giant's stock is on track to close below the 50-DMA $269.80 for the first time since July 15. Among other mega caps, shares of both Microsoft Corp.'s stock undefined and Alphabet Inc. shares undefined have closed below their 50-DMAs since Aug. 26, while the S&P 500 undefined has closed below its 50-DMA since Aug. 30.

Ciara Linnane is MarketWatch's investing- and corporate-news editor. She is based in New York.

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