Let’s take a look at some of the biggest movers in the premarket:
Pinterest (PINS) – Pinterest’s share price fell 13.2% in subsequent pre-market transactions. PayPal (PYPL) Not pursuing acquisition Of social media companies at the moment. The statement came in response to reports that it was pursuing a $ 45 billion acquisition of Pinterest. PayPal’s share price surged 6.1%.
Tesla (TSLA) – According to the company’s website, Tesla has raised the price of certain versions of Model X and Model S cars. In addition, car rental giant Hertz reportedly ordered 100,000 Tesla cars for its fleet. Tesla shares rose 4.3% in front of the market.
Kimberly-Clark (KMB) – Consumer Commodity Company shares fell 3% in premarket trading after quarterly earnings fell 3 cents below the $ 1.62 per share estimate. Revenues were slightly higher than expected, but Kimberly-Clark’s performance was hit by rising inflation and supply chain problems.
Restaurant Brands International (QSR) – Restaurant operator Reported quarterly earnings of $ 1.52 per share, 2 cents above the estimate. Revenues were slightly below Wall Street’s expectations, and Covid-19 contributed to Tim Hortons, Burger King, and Popeyes’ parent supply chain and labor pressure. Inventory was added 1.2% before marketing.
Otis Worldwide (OTIS) – Otis exceeded expectations by 4 cents, with quarterly earnings of 77 cents per share. Revenues also exceeded analysts’ expectations. The company, best known for its flagship elevators, has also raised its full-year outlook.
Facebook (FB) – Facebook continues to be involved in the controversy, and this morning’s Wall Street Journal article details an internal debate about the handling of right-wing content. Friday’s share price fell 5%, beating four consecutive wins. Its share fell another 1.5% in the premarket.
Night Swift Transportation (KNX) – Truck and logistics company shares rose 1.5% in front of the market after UBS upgraded its shares from “neutral” to “buy”. According to the company, Nightswift’s non-truck business is expanding faster than expected.
Southwest gas (SWX) – Investor Carl Icahn in Southwest Gas First provide shares to existing shareholdersIn a plan for energy producers to sell up to $ 1 billion in shares as part of financing to buy pipeline company Quzar. Icahn, which holds significant shares in the company, opposes the deal and is pursuing a tender offer to buy shares it does not yet own for $ 75 per share.
Whirlpool (WHR) – Whirlpool has been downgraded from RBC Capital’s “sector perform” to “underperform”. It cites many factors, including the loss of market share of appliance manufacturers in North America. Stocks fell 1.4% in pre-market trading.
Pfizer (PFE), BioNTech (BNTX) – The Covid-19 vaccine manufactured by Pfizer and BioNTech showed 90.7% efficacy in children aged 5-11 years. Health officials say the deployment of vaccines for children may come in early November.
Pinterest, PayPal, Tesla, etc.
Source link Pinterest, PayPal, Tesla, etc.