Here are 4 tickers trending in Yahoo Finance in pre-market trading:
Peloton Interactive, Inc. (PTON): Shares of the home fitness firm fell in premarket trading after the news that co-founders John Foley and Hisao Kushi are stepping down from their executive roles. The shakeup comes as the exercise equipment company undergoes massive changes to cut losses and turn things around. Foley stepped down from his role as CEO earlier this year and became executive chairman. Barry McCarthy succeeded Foley as CEO in February as the company announced layoffs, price hikes and other new initiatives to cut more costs. Peloton shares are down 69% so far in 2022.
NIO Inc. (NIO): Shares of Chinese electric car maker NIO fell in premarket trading following comments from Deutsche Bank’s Edison Yu, who reiterated a Buy rating on NIO on Monday along with a $39 price target. This comes after the company posted a mixed earnings report last week. Nio is due to begin production of the ET5, its third new EV for 2022, at the end of September. It launched the ET7 full-size sedan in March. The ES7, a new electric SUV, hit the market in August.
Oracle Corporation (ORCL): Oracle shares rose in premarket trading as the software company reported quarterly sales that rose 18%, while earnings fell short of estimates. Sales were $11.4 billion in the first fiscal quarter, analysts’ estimates for the meeting, according to data compiled by Bloomberg. Adjusted earnings, excluding certain items, were $1.03 per share, below the company’s guidance. Cloud revenue grew 45% to $3.6 billion.
Apple Inc. (AAPL): Apple shares rose in premarket trading on Tuesday as two analysts made positive comments that pre-orders for the latest iPhone models were looking good. Wedbush analyst Daniel Ives and Bank of America analyst Vamsi Mohan are bullish on the stock, both saying pre-order demand for Apple’s latest smartphones is promising. On Monday, Apple released its next-generation mobile software, iOS 16, with new features that allow users to customize their iPhone lock screens and change the way they text friends via iMessage. Apple shares are down about 8% so far in 2022.
Danny Romero is a reporter for Yahoo Finance. Follow her on Twitter @daniromerotv