Premarket movers Thursday — Moderna, Peloton, PayPal
|Toronto Star 06 May 2021 at 18:05|
Stock futures rose modestly Thursday, a day after the Dow Jones Industrial Average set a record close and as traders awaited key U.S. employment data.
Here are some of the top movers during premarket trading on Thursday.
Shares of Moderna (MRNA) slipped after a revenue miss and concern linked to the Biden administration’s support for vaccine patent waivers. The drugmaker on Thursday posted stronger-than-expected first-quarter earnings and boosted its full-year vaccine-sales forecast.
Shares of Peloton (PTON) retreated after a Bank of America analyst downgraded the stock to neutral from buy and lowered his one-year price target to $100 (U.S.) from $150. The connected-fitness major recalled its Tread and Tread+ treadmills following the death of a child.
PayPal (PYPL) shares rose after the payment-tech major posted stronger-than-expected first quarter. CNBC also reported that on the earnings conference call, CEO Dan Schulman called cryptocurrency a growth engine and said the company was working on a digital-wallet product.
Shares of Pfizer (PFE) dropped after the U.S. said it would back global calls for drugmakers to waive patent protections on COVID-19 vaccines.
Norwegian Cruise Line (NCLH) fell after the cruise operator reported a narrower-than-expected quarterly loss while first-quarter revenue was below analysts’ expectations.