Stock Groups

Pinterest, PayPal, Tesla and more


Here are some top movers of the premarket.

Pinterest (PINS) – Pinterest shares tumbled 13.2% in premarket trading after PayPal(PYPL), said that it was not pursuing an acquisitionThe social media company is not available at the moment. The statement was made in response to news reports that Pinterest had been acquired for up to $45 billion. PayPal shares jumped 6.1%.

Tesla (TSLA) – Tesla raised prices on certain versions of its Model X and Model S cars, according to the company’s website. Hertz, a car rental company, has ordered 100,000 Tesla cars for its fleet. The premarket saw Tesla share prices rise by 4.3%

Kimberly-Clark (KMB) – The consumer products company’s stock slid 3% in premarket trading after quarterly earnings came in 3 cents a share below estimates at $1.62 per share. Although revenue was somewhat higher than expected, Kimberly-Clark suffered from lower inflation and issues in its supply chain.

Restaurant Brands International (QSR) – The restaurant operator reported quarterly profit of $1.52 per shareThe share price was 2 cents per share higher than the estimates. Wall Street expectations were slightly less than actual revenue. Covid-19 contributed to labor and supply chain pressures at the parent company of Popeyes, Burger King and Tim Hortons. Premarket, the stock gained 1.2%.

Otis Worldwide (OTIS) – Otis came in 4 cents a share above estimates, with quarterly earnings of 77 cents per share. Analysts’ estimates were also exceeded by revenue. This company is best-known for its iconic elevators has also improved its outlook for the full year.

Facebook (FB) – Facebook continues to be embroiled in controversy, with a Wall Street Journal story this morning detailing internal arguments over the handling of right-leaning content. Stock fell 5% Friday to end a streak of four consecutive wins. The stock lost another 1.5% during the premarket.

Knight-Swift Transportation (KNX) – The trucking and logistics company’s stock rose 1.5% in the premarket after UBS upgraded the stock to “buy” from “neutral.” According to the firm, Knight-Swift is experiencing faster growth in its non-trucking operations than expected.

HSBC (HSBC) – HSBC reported better-than-expected quarterly profitThe bank announced a $2 Billion share buyback and a 74% increase in revenue from the previous year.

Southwest Gas (SWX) – Investor Carl Icahn is calling on Southwest Gas to first offer shares to existing shareholdersThis is despite the plans by the energy producer for up to $1Billion in equity to finance Questar. Icahn – who holds a significant stake in the company – is against the deal, and is moving ahead with a tender offer to buy the shares he doesn’t already own for $75 per share.

Whirlpool (WHR) – Whirlpool was downgraded to “underperform” from “sector perform” at RBC Capital, which cites a number of factors including the appliance maker’s loss of market share in North America. Premarket trading saw the stock slide 1.4%.

Pfizer(PFE) BioNTech (BNTX) – The Covid-19 vaccine made by Pfizer and BioNTech showed 90.7% effectiveness in children aged 5-11. Officials from the Health Department say that the vaccine could be available for children as soon as November.