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.
1. Moderna MRNA | Down 6.9%
Shares of Moderna (MRNA) - Get Report 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.
2. Peloton PTON | Down 1.9%
Shares of Peloton (PTON) - Get Report retreated after a Bank of America analyst downgraded the stock to neutral from buy and lowered his one-year price target to $100 from $150. The connected-fitness major recalled its Tread and Tread+ treadmills following the death of a child.
3. PayPal PYPL | Up 4.6%
PayPal (PYPL) - Get Report 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.