Check out the companies making the biggest moves in premarket trading: Peloton Interactive — Shares climbed 15% after the fitness company announced CEO Barry McCarthy will step down while it seeks a permanent CEO. Peloton also set a restructuring plan that will cut 15% of its staff, or about 400 employees. Once a pandemic darling, Peloton has seen its shares slide. The stock is down 47% year to date. Qualcomm — Shares rose more than 5% after the chipmaker on Wednesday posted $2.44 per share in adjusted earnings in its latest quarter, topping analysts’ estimates of $2.32 per share, according to LSEG. The top end of Qualcomm’s revenue forecast for the current quarter was higher than the Street’s expectations, with the company citing demand for smartphones that require the most advanced chips. Wayfair — Shares added 5.5% after the home furniture retailer’s sales topped analyst estimates, and reduced its losses after letting go of 13% of its workforce at the start of the year, the company said Thursday. Still, Wayfair’s sales slid in the first quarter. Carvana — The used car seller spiked 36% after posting first-quarter revenue Wednesday of $3.06 billion, above analysts’ consensus estimate of $2.67 billion. On Thursday, Morgan Stanley upgraded the stock to overweight and said shares could soar 50%. Cigna — The insurer moved 1 …
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[mwai_chat context=”Let’s have a discussion about this article:nnCheck out the companies making the biggest moves in premarket trading: Peloton Interactive — Shares climbed 15% after the fitness company announced CEO Barry McCarthy will step down while it seeks a permanent CEO. Peloton also set a restructuring plan that will cut 15% of its staff, or about 400 employees. Once a pandemic darling, Peloton has seen its shares slide. The stock is down 47% year to date. Qualcomm — Shares rose more than 5% after the chipmaker on Wednesday posted $2.44 per share in adjusted earnings in its latest quarter, topping analysts’ estimates of $2.32 per share, according to LSEG. The top end of Qualcomm’s revenue forecast for the current quarter was higher than the Street’s expectations, with the company citing demand for smartphones that require the most advanced chips. Wayfair — Shares added 5.5% after the home furniture retailer’s sales topped analyst estimates, and reduced its losses after letting go of 13% of its workforce at the start of the year, the company said Thursday. Still, Wayfair’s sales slid in the first quarter. Carvana — The used car seller spiked 36% after posting first-quarter revenue Wednesday of $3.06 billion, above analysts’ consensus estimate of $2.67 billion. On Thursday, Morgan Stanley upgraded the stock to overweight and said shares could soar 50%. Cigna — The insurer moved 1 …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]
