Stocks making the biggest moves in the premarket: Peloton, Novavax, Harley-Davidson and more
Take a look at some of the biggest movers in the premarket:
Peloton (PTON) – Peloton CEO John Foley will be stepping down. The fitness equipment maker will also slash about 2,800 jobs or about 20% of its corporate staff and also cut $800 million in annual costs. Foley's replacement will be former Spotify and Netflix CFO Barry McCarthy. Peloton tumbled 8.4% in premarket trading.
Novavax (NVAX) – Novavax sank 6.7% in the premarket after Reuters reported that the drugmaker has delivered only a small fraction of the 2 billion Covid-19 vaccine doses it had planned to send around the world.
Pfizer (PFE) – Pfizer shares fell 3.8% in the premarket after reporting a revenue miss for its latest quarter and issuing a weaker-than-expected full-year forecast. Pfizer reported better-than-expected earnings for the fourth quarter, however, and also raised its full-year forecast for sales of its Covid-19 vaccine.
Harley-Davidson (HOG) – Harley shares surged 8.3% after the motorcycle maker reported an unexpected profit for its latest quarter as well as better-than-expected revenue. Harley earned 14 cents per share, compared to forecasts of a 38 cents per share loss, as demand jumped for its more expensive motorcycles.
Chegg (CHGG) – Chegg rallied 5.8% in the premarket after the online education services company reported better-than-expected profit and revenue for its latest quarter. Chegg beat estimates by 4 cents a share, with quarterly profit of 38 cents per share. The company also issued a better-than-expected outlook.
Carrier Global (CARR) – The maker of heating and cooling equipment beat estimates by 5 cents a share, with quarterly earnings of 44 cents per share. Revenue also topped Wall Street forecasts. Carrier stock added 1.3% in
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