Movers before Monday – Tesla, Coinbase, Peloton
Equity futures were mixed on Monday as investors waited for data on key economic indicators, including the U.S. consumer price index, to be released on Wednesday.
Here are some of the top players heading into Monday’s opening bell.
1. Tesla TSLA | Down 4.2%
Tesla shares (TSLA) – Get the Tesla Inc report abandoned pre-marketing on Monday after a majority of 3.5 million Twitter users – 58% – said they would support Tesla founder and CEO Elon Musk’s proposal to sell 10% of his stake in the electric car manufacturer.
Musk began this Twitter poll on Saturday and closed it Sunday afternoon around 2:15 p.m. EST.
2. Coinbase Mondial COIN | Up 3.9%
Coinbase actions (PIECE OF MONEY) rose as bitcoin rose 4.7% to $ 65,827.68. The cryptocurrency fell for three days until Friday.
Bitcoin briefly exceeded $ 66,000 on Sunday night in an effort to break its previous high of $ 66,975 reached on October 20.
3. Krispy Kreme DNUT | Down 3.1%
Krispy Kreme actions (DNUT) – Get the Krispy Kreme report fell Monday morning after analysts at Truist downgraded the stock to hold and said labor shortages and rising wages could slow its expansion plans.
4. PTON Platoon | Down 5.1%
Platoon Actions (PTON) – Get the Class A report from Peloton Interactive, Inc. fell on Monday after falling 35% on Friday. The fitness equipment maker has cut its sales forecast for 2022 amid declining post-pandemic demand.
Peloton reported its lowest quarterly subscriber growth gain since going public two years ago, and said fewer people were joining its workouts online.