By Scott Kanowsky

Investing.com -- 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."