Peloton, Johnson & Johnson, Snap - Friday's Premarket Movers
Stock futures were rising Friday after the S&P 500 on Thursday set a record.
Here are some of the top movers during premarket trading on Friday.
1. Peloton PTON | Down 6.5%
Shares of Peloton (PTON) - Get Peloton Interactive Inc. Report dropped after the connected-fitness-equipment maker warned that delivery to customers will continue to be a challenge.
Peloton swung to earnings of 18 cents a share. Revenue exceeded $1 billion, double the analyst consensus forecast.
The company said it would invest more than $100 million in air freight and expedited ocean freight over the next six months to improve delivery times.
2. Ford F | Up 4.2%
Shares of Ford (F) - Get Ford Motor Company Report rose after the automaker said it planned to spend $29 billion on electric and autonomous vehicles. Ford reported a wider-than-expected loss of $2.8 billion for the fourth quarter.
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3. Johnson & Johnson JNJ | Up 2%
Shares of Johnson & Johnson (JNJ) - Get Johnson & Johnson Report rose after the health-care giant applied to the U.S. Food and Drug Administration for emergency-use authorization for its single-dose covid-19 vaccine candidate.
4. Pinterest PINS | Up 11%
Pinterest (PINS) - Get Pinterest Inc. Class A Report spiked after a surge in fourth-quarter revenue as home-bound shoppers flocked to the image-sharing social-media platform over the holiday season.
Pinterest also added over 100 million users during the quarter.
5. Snap SNAP | Down 8%
Shares of Snap (SNAP) - Get Snap Inc. Class A Report dropped Friday even after the Snapchat parent after the bell on Thursday posted better-than-expected fourth-quarter results.
The photography-focused social-media firm also forecast a first-quarter loss before interest, taxes, depreciation and amortization of $50 million to $70 million.
6. Activision Blizzard ATVI | Up 9.4%
Shares of Activision Blizzard (ATVI) - Get Activision Blizzard Inc Report rose more than 8% in premarket trading after the videogame producer posted fourth-quarter earnings and revenue that exceeded analysts' expectations.
