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Peloton, Energy Transfer Rise Premarket; Shake Shack Falls

Stock MarketsMay 07, 2021 07:55AM ET
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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
 

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Alan Rice
Alan Rice May 09, 2021 1:02PM ET
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Consider sidewalks ??
 
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