A monitor shows the signage of Peloton Interactive Inc. during the company’s initial public offering (IPO) in front of the Nasdaq MarketSite in New York, USA, on Thursday, September 26, 2019.
Michael Nagle | Bloomberg | Getty Images
Check out the companies that own the noon trade.
Peloton: Shares of fitness company fell more than 9% after U.S. Consumer Product Safety Commission issued a warning about the danger Peloton’s Tread + product was in when there were children or pets at home. Peloton said he would not recall the product, as a lawmaker asked the company.
GameStop: The video game retailer concentrated more than 8% after the company announced that CEO George Sherman would step down on July 31 amid efforts to transform it into an e-commerce company. He said the board of directors is conducting a search to identify candidates for CEOs who could accelerate the next phase of the company’s transformation. Some investors were also encouraged by the fact that Keith Gill doubled his GameStop bet, giving up millions of dollars in quick profits from an options trade.
Coca-Cola: Beverage shares rose 0.6% after Coca-Cola exceeded Wall Street estimates in its first-quarter report. According to Refinitiv, the company reported adjusted earnings of 55 cents per share, which was 5 cents above expectations. Revenue also exceeded expectations. The company said its global demand was returning to pre-pandemic levels in March.
Harley-Davidson: Motorcycle maker shares rose more than 13% after the company exceeded first-quarter estimates. The company earned $ 1.68 per share during the period, compared to the 88 cents per share that Refinitiv had analyzed. Revenue stood at $ 1.232 billion, which was less than the expected $ 1.25 billion. Harley-Davidson also raised its perspective.
Herman Miller – Shares of office furniture maker fell 11% after announcing it would buy furniture and accessories company Knoll for $ 1.8 billion in cash and shares. Knoll shares were up more than 33% on Monday.
Qualcomm: Chips maker shares fell 2% after Susquehanna changed the company from neutral to positive. The firm pointed to the short-term benefits leading to long-term counterattacks, licensing and the fight against royalties, as well as competition, as possible disadvantages for the company. The company also lowered its target in shares from $ 175 to $ 155. The new price forecast exceeds 12% above the shares closed on Friday.
Tesla: The shares of the electric car maker fell more than 3% as Texas police officers investigated the fatal crash of a Tesla vehicle. According to a preliminary investigation, police told KPRC 2 they believed no one had been behind the wheel.
First Solar: Clean energy stocks fell 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 also raised its price target on First Solar to $ 100 per share, from $ 88.
Tribune Publishing – Shares of Tribune Publishing fell more than 5% after the Wall Street Journal reported that Swiss billionaire Hansjorg Wyss had dropped his bid for Tribune. This causes Choice Hotels president Stewart Bainum to look for a new partner in his candidacy for newspaper editor as he tries to surpass Alden Capital’s hedge fund for Tribune.
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– with reports from Jesse Pound, Pippa Stevens and CNBC’s Yun Li.