Twitter, Shell Fall Premarket; Pinterest Rises

October 6, 2022 8:58 AM EDT

By Scott Kanowsky -- Stocks in focus in premarket trade on Thursday, October 6th. Please refresh for updates.

  • Peloton Interactive Inc (NASDAQ: PTON) shares moved 0.6% higher in volatile premarket dealmaking after the exercise equipment maker reportedly told staff that it plans to slash 500 jobs in a bid to restructure the business.
  • Twitter Inc (NYSE: TWTR) shares slumped 2.1% in early hours trading as the drama over Elon Musk's $44 billion proposed buyout of the social platform, with negotiators reportedly hashing out the details of purchase.
  • Shell (NYSE: SHEL) stock fell 5.4% after the energy giant warned that lower refining margins will hit third-quarter earnings.
  • Conagra (NYSE: CAG) stock rose 0.6% after the food producer posted better-than-expected quarterly sales and backed its annual outlook.
  • Pinterest Inc (NYSE: PINS) shares jumped 5.6% after Goldman Sachs upgraded its rating of the image-sharing business to "buy" from "neutral."
  • Compass Inc (NYSE: COMP) shares surged 5.9% after a report emerged that Vista Equity Partners is seeking to take the real estate firm private.
  • Take-Two Interactive Software Inc (NASDAQ: TTWO) shares moved 3.1% higher after Goldman Sachs analysts raised their rating for the videogame maker to "buy" from "neutral."

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