Home Editor's Picks Peloton, Energy Transfer Rise Premarket; Shake Shack Falls

Peloton, Energy Transfer Rise Premarket; Shake Shack Falls

by
imageStock Markets59 minutes ago (May 07, 2021 07:55AM ET)

(C) Reuters

By Peter Nurse

Investing.com — Stocks in focus in premarket trade on Friday, May 7th. Please refresh for updates.

  • Peloton (NASDAQ:PTON) stock rose 6.6% after the exercise bike company reported a narrower fiscal third-quarter loss, with connected fitness subscriptions growing 135% to over 2.08 million in the quarter. The company also said the recall of treadmills due to safety concerns would cost just $165 million.

  • Energy Transfer (NYSE:ET) stock rose 4.7% after the pipeline giant announced it made a $2.4 billion gain from the Texas winter storm.

  • Shake Shack (NYSE:SHAK) stock fell 8.8% after the burger chain’s first-quarter revenue disappointed, a sign that restaurants without a significant online presence are still suffering as consumers still stay away from city centers.

  • Expedia (NASDAQ:EXPE) stock rose 5.6% after the online travel platform reported a smaller first-quarter loss than expected, buoyed by a surge in domestic travel and vacation-rental demand.

  • Beyond Meat (NASDAQ:BYND) stock slumped 8.4% after faux meat maker reported a wider quarterly loss than expected, as it incurred higher freight costs, spent heavily on testing new product launches, and sold less to pandemic-hit restaurants.

  • Roku (NASDAQ:ROKU) stock rose 8.6% after the streaming service generated record revenues in the first quarter, doubling its profit while streaming hours increased by 1.4 billion hours over last quarter to 18.3 billion.

  • BioNTech (NASDAQ:BNTX) stock rose 7% after German Chancellor Angela Merkel pushed back on the U.S. proposal to waive patent protections for Covid-19 vaccine, casting doubt about the likelihood of it going ahead,

  • Barclays (LON:BARC) ADR rose 2.1% after activist investor Edward Bramson sold his firm’s 6% stake in the U.K. bank, ending a stand-off with chief executive Jes Staley.

  • Cigna (NYSE:CI) stock rose 1.8% after the health insurer raised its forecasts for full-year profit and revenue, but still reiterated that it anticipates a negative earnings impact of about $1.25 per share this year from Covid-19 pandemic.

  • AMC Entertainment (NYSE:AMC) stock rose 2.8% after the cinema chain said its business will likely improve in the coming months as the mass rollout of Covid-19 vaccines draws moviegoers back to the big screens.

  • Square (NYSE:SQ) stock rose 2.4% after the payments firm beat quarterly expectations as surging demand for bitcoin fueled a jump in cryptocurrency transactions on its peer-to-peer payment service Cash App.

  • News Corp (NASDAQ:NWSA). stock rose 2.5% after the Wall Street Journal parent beat estimates for quarterly revenue, the company’s digital push helping its Dow Jones unit attract more subscribers.

  • TripAdvisor (NASDAQ:TRIP) stock fell 3.3% after the online travel company reported a first-quarter loss of 39 cents per share, as the mobility restrictions to combat the Covid-19 pandemic hit business.

  • Bill Com Holdings (NYSE:BILL) stock rose over 15% after the financial software company announced it will acquire Divvy, a leader in spend management, for around $2.5 billion.

Peloton, Energy Transfer Rise Premarket; Shake Shack Falls

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

image

Our Apps

DOWNLOAD APPApp store

Investing.com

(C) 2007-2021 Fusion Media Limited. All Rights Reserved

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

Related News

Leave a Comment

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!