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Peloton, Uber Fall Premarket; Hershey Rises

Stock MarketsNov 06, 2020 08:02AM ET
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By Peter Nurse 

Investing.com -- Stocks in focus in premarket trade on Friday, November 6th. Please refresh for updates.

  • Peloton (NASDAQ:PTON) stock fell 5.3% despite the static bike maker reporting first-quarter sales growth of 232%. It cautioned that it expects to be operating under supply constraints “for the foreseeable future.”

  • Uber (NYSE:UBER) stock fell 1.6% after the ride hailing firm recorded a loss of over $1 billion in the third quarter amid steep declines in its core rides business. The company was helped by revenue in its foods delivery business more than doubling.

  • Xerox (NYSE:XRX) stock rose 1.3% after billionaire activist investor Carl Icahn raised his stake in the printer maker to about 14.4% as of Thursday, according to a filing.

  • Hershey (NYSE:HSY) stock rose 2.3% after the confectionary company reported strong quarterly sales and reinstated its full-year outlook, boosted by demand from people baking at home during the pandemic.

  • Zillow (NASDAQ:ZG) stock rose 8.8% after the digital real estate company reported strong third-quarter estimates, helped by a combination of record low mortgage rates and a pandemic-related trend towards working from home that has boosted transaction volumes.

  • Virgin Galactic (NYSE:SPCE) stock rose 3.1% after the company announced it was preparing to move towards commercial operations in 2021, beginning a final series of test flights of its suborbital aircraft.

  • ViacomCBS (NASDAQ:VIAC) stock rose 0.3% after beating estimates for quarterly revenue as higher demand for its streaming services, CBS All Access and Showtime, partially offset a decline in ad sales.

  • CVS Health (NYSE:CVS) stock rose 2.5% after the drugstore chain reported a better-than-expected 3.5% jump in third-quarter revenue and raised its 2020 earnings guidance. 

  • Carnival (NYSE:CUK) stock fell 3.7% after the cruise operator’s Costa Cruises temporarily halted its cruises to Greece after that country’s authorities imposed travel restrictions given the rise in coronavirus cases. 

  • T-Mobile US (NASDAQ:TMUS) stock rose 5.3% after the company added more phone subscribers than expected in the third quarter, seemingly helped by its plan to merge with Sprint.
Peloton, Uber Fall Premarket; Hershey Rises
 

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Alan Rice
Alan Rice Nov 06, 2020 1:42PM ET
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Chocolate TASTES BETTER than PERSPIRATION (today).
 
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