Regeneron, Pinterest Rise Premarket; Peloton Falls By

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By Peter Nurse — Stocks in focus in premarket trade on Friday, February 5th. Please refresh for updates.

  • Peloton (NASDAQ:) stock fell 7.6% after the exercise equipment maker reported late Thursday worries about production bottlenecks, unable to keep up with explosive demand for its bikes that led to report better-than-expected fiscal second-quarter results and raise its annual guidance.

  • Pinterest (NYSE:) stock rose 9.6% after the image-sharing company reported strong quarterly results on Thursday, benefiting from user growth and heavy advertising by e-commerce retailers during the holiday season.

  • Johnson & Johnson (NYSE:) stock rose 1.7% after the drugmaker said Thursday that it had asked U.S. health regulators to authorize its single-dose Covid-19 vaccine for emergency use.

  • GameStop (NYSE:) stock rose 11% and AMC Entertainment (NYSE:) stock rose 6.1% after online brokerage app Robinhood removed temporary trading restrictions on all stocks, including these two which were big movers in last week’s retail-trading frenzy.

  • Regeneron (NASDAQ:) stock rose 3.2% after the drugmaker posted strong quarterly results, helped by a nearly 10% increase in sales of its macular degeneration drug Eylea.

  • Ford (NYSE:) stock rose 2.2% after the auto giant reported fourth-quarter operating results above forecast, even as it posted a fourth-quarter net loss of $2.8 billion. The company’s 2021 profit forecast also impressed, and it boosted its investment plan on electric and autonomous vehicles.

  • Exxon Mobil (NYSE:) stock rose 1.5% after Bloomberg reported that the oil giant is considering adding activist investor Jeff Ubben to its board, while his investment firm Inclusive Capital is also discussing taking a stake in the U.S. oil producer.

  • Estee Lauder (NYSE:) stock rose 5.9% after the cosmetics company beat expectations, especially helped by strong sales in the Asia-Pacific region and a jump in online sales. 

  • Snap (NYSE:) stock fell 7.1% after the owner of messaging app Snapchat warned that upcoming privacy changes by Apple (NASDAQ:) could hurt its ad business.

  • PayPal (NASDAQ:) stock fell 0.1% despite the online payments company warning that it had received a civil investigative demand from the U.S. Consumer Financial Protection Bureau related to its app Venmo’s alleged unauthorized fund transfers and collections processes.

  • Gilead Sciences (NASDAQ:) stock rose 2.8% after the drugmaker reported strong results, boosted by sales of its antiviral treatment remdesivir.
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