A monitor displays the Peloton Interactive Inc. signal. during the company’s initial public offering (IPO), opposite the Nasdaq MarketSite in New York, USA, on Thursday, September 26, 2019.
Michael Nagle | Bloomberg | Getty Images
Consult the companies that make securities in the trading of lunch.
Peloton – The shares of the fitness company fell by more than 9% after the US Consumer Product Safety Commission issued a warning about the Peloton Tread + product as dangerous when children or pets are in the house. Peloton said he would not mention the product, as a lawmaker asked the company to do.
GameStop – The video game retailer has gathered more than 8% after the company announced that CEO George Sherman will resign by July 31, amid efforts to transform it into an e-commerce company. He said the board is conducting a search to identify CEO candidates who may accelerate the next phase of the company’s transformation. Some investors have also been encouraged that Keith Gill has doubled his GameStop bet, giving up quick million-dollar profits from an options transaction.
Coca-Cola – The beverage stock rose 0.6% after Coca-Cola exceeded Wall Street estimates in its first-quarter report. The company reported adjusted earnings of 55 cents per share, which was 5 cents above expectations, according to Refinitiv. Revenues came in even more than expected. The company said its global demand returned to pre-pandemic levels in March.
Harley-Davidson – The motorcycle manufacturer’s shares rose more than 13% after the company exceeded last quarter’s estimates. The company earned $ 1.68 per share during that period, compared to the 88 cents per share expected by analysts by Refinitiv. Revenue amounted to $ 1.23 billion, which was only timid compared to the expected $ 1.25 billion. Harley-Davidson also raised its prospects.
Herman Miller – The shares of the office furniture manufacturer fell by 11% after announcing that they will buy the furniture and accessories company Knoll for 1.8 billion dollars in cash and stock. Knoll shares rose more than 33% in months.
Qualcomm – The chip maker’s shares fell 2% after the company was downgraded from positive to positive by Susquehanna. The firm highlighted the short-term benefits that lead to long-term headwinds, licensing and royalty struggles, as well as competition, as potential disadvantages for the company. The company also reduced its equity target from $ 175 to $ 155. The new price forecast is 12% higher, where the shares closed on Friday.
Tesla – The shares of the electric vehicle manufacturer have fallen by more than 3%, while Texas police officers are investigating the fatal accident of a Tesla vehicle. Based on a preliminary investigation, police told KPRC 2 that they believe no one was behind the wheel.
First Solar – The clean energy stock fell by about 0.2%, even after Citi upgraded the company to buy from neutral on Monday. The Wall Street firm believes the company is well positioned to benefit from the White House’s push for green energy. Citi raised its price target for First Solar to $ 100 per share from $ 88.
Tribune Publishing – Tribune Publishing shares fell more than 5% after The Wall Street Journal reported that Swiss billionaire Hansjorg Wyss had dropped an offer for Tribune. This leaves Stewart Bainum, president of Choice Hotels, looking for a new partner in his offer for the newspaper publisher, while trying to surpass the Alden Capital hedge fund for Tribune.
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– with reports from CNBC Jesse Pound, Pippa Stevens and Yun Li.