Stock Groups

Peloton, Canopy Growth, Chipotle and others

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Take a look at the top companies that made headlines long before the bell rang.

Peloton (PTON) – Peloton added 1% in premarket trading after surging more than 20% in each of the past two sessions. After the former CEO John Foley announced yesterday that the company was changing its direction, Peloton’s gain today came as a result. Spotify NetflixBarry McCarthy, CFO of the company announced that 20% of corporate jobs would be eliminated.

Canopy Growth (CGC) – The Canada-based cannabis producer’s stock rallied 6% in the premarket after it reported a narrower-than-anticipated loss as well as better-than-expected revenue for its latest quarter. Despite declining cannabis sales, the company saw growth in vapes and drinks categories.

Reynolds Consumer Products (REYN) – Reynolds shares fell 1.8% in premarket trading after the consumer products company reported a mixed quarter: beating bottom-line estimates but reporting revenue that fell short of Wall Street forecasts. Reynolds forecasts a weaker than expected revenue for this quarter.

Chipotle Mexican Grill (CMG) – Chipotle reported an adjusted quarterly profit of $5.58 per share, beating the $5.25 consensus estimate, with revenue in line with analyst forecasts. According to the restaurant chain, it raised menu prices in order to cover higher labor costs and better food quality. It also stated that they will likely increase them again this year. Chipotle’s premarket price rose 6.1%

Lyft (LYFT) – Lyft earned an adjusted 9 cents per share for its latest quarter, 1 cent above estimates, with the ride-hailing service also reporting better-than-expected revenue. Although ridership numbers were below analysts’ expectations, the stock dropped 3.7% premarket. This was offset by Lyft customers paying higher fares for longer trips and lower prices.

Nikola (NKLA) – Nikola denied a report that it instituted a hiring freeze and that the electric truck maker has lost nearly its entire supply chain leadership. Nikola stated that its supply chain division is in good shape and continues to hire. Premarket trading saw the stock rise 1.4%.

Xpeng (XPEV) – Xpeng leaped 6.8% in the premarket after the electric vehicle maker’s Hong Kong shares were included in a trading link to mainland China. Chinese investors will have greater access to the shares if they are included in Shenzhen Hong Kong Stock Connect.

Enphase Energy (ENPH) – Enphase surged 20.3% in premarket action following a better-than-expected quarterly report from the maker of solar and battery systems. Enphase beat the consensus estimate of 58 cents by earning an adjusted 73c per share in the third quarter.

XPO Logistics (XPO) – The logistics company’s shares jumped 3.4% in the premarket after its quarterly results exceeded analyst forecasts. XPO claimed that the strong North American trucking industry was one factor driving these results.

Container Store (TCS) – The specialty retailer’s shares tumbled 26% in the premarket despite better-than-expected profit and sales for the company’s most recent quarter. Sales were down by 3% overall and online sales fell 36% in comparison to a year prior.

NCR (NCR) – The financial technology and services company’s stock soared 11.3% in premarket trading after it said it would conduct a strategic review of its operations, adding that it believes there is substantial shareholder value yet to be unlocked.

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