Peloton (PTON) â ???? Peloton Acquires Competing Fitness Equipment Manufacturer Precor for $ 420 Million to Increase Market Share and Increase Manufacturing Capacity The acquisition prompted KeyBanc Capital Markets to raise Peloton’s price target from $ 160 to a street high of $ 185 The deal is “extremely synergistic” and supports long-term growth. The Peloton share gained 9% in premarket trading

Sportsman’s Warehouse (SPWH) â ???? Sportsman’s Warehouse agreed to be bought by Cabela’s parent company Great American Outdoors Group, which will pay $ 18 per share for the sporting goods retailer Sportsman’s Warehouse closed at $ 12 per share on Monday65 per share Sportsman’s Warehouse shares rose 37% in the pre-market

CarMax (KMX) â ???? The auto dealer reported quarterly earnings of $ 142 per share, beating the consensus estimate of $ 114 a share. Revenue was also above Wall Street projections, but comparable used car sales were down 0.8% compared to a FactSet consensus estimate of 1% more The Carmax share fell 2% in premarket trading

Alphabet (togetL) â ???? The Google division of Alphabet and Facebook (FB) have reportedly agreed to “work together and support one another” on any online ad collaboration investigation This emerges from an unedited version of a lawsuit filed against Google by the Wall Street Journal last week

United Airlines (UAL) â ???? United warned that employee recalls due to new airline subsidies would be “temporary” as little change in passenger demand was expected over the next few months

Tesla (TSLA) â ???? Tesla shares stay up to date after falling 6% Monday, the first day as a member of the S&P 500 index

SolarWinds (SWI) â ???? SolarWinds is showing higher for a second straight day after losing nearly 40% of its value last week The network management company is at the center of a foreign government hack that compromised federal agencies, tech and accounting firms in the USAfter hackers attached malicious code to a software update, SolarWinds shares rose nearly 7% in premarket trading

Apple (AAPL) â ???? Apple is higher in pre-market trading after rising on Monday after reports that it was slated to enter the electric car market in 2024

Illumina (ILMN) â ???? The developer of gene sequencing technology was switched from “neutral” to “overweight” at Piper Sandler based on its expansion to cancer screening and Illumina ‘s overall position as a leader in disease detection. The company’s shares rose 13% in the pre-market

Heico (HEI) â ???? Heico reported quarterly earnings of 45 cents per share, 4 cents per share above estimates. Revenues were also above projections for Wall Street Heico, which offers products and services to a variety of industries including aerospace, defense and medical, found that Covid-19 negatively impacted its results, particularly in the commercial aerospace industry

The RealReal (REAL) â ???? The used luxury goods seller was rated “Outperform” by Baird Equity Research on new coverage, calling it an open growth story in a large and growing market. Stocks rose 23% in premarket trading

FuboTV (FUBO) â ???? The streaming TV service’s stock rose more than 13% in premarket trading after Needham raised its target price to $ 60 a share, with shares rising more than 26% on Monday after Axios reported they were considering would enter into exclusive partnership agreements for live sporting events

Fitbit (FIT) â ???? Fitbit shares are under pressure, falling more than 5% in premarket trading after Australian antitrust authorities rejected Google’s proposals to address competition concerns related to the proposed $ 2 billion acquisition of the fitness equipment maker

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World News – CA – Stocks Making the Biggest Moves on the Pre-Market: Peloton, Sportsman’s Warehouse, FuboTV & more

Source: https://www.cnbc.com/2020/12/22/stocks-making-the-biggest-moves-in-the-premarket-peloton-sportsmans-warehouse-fubotv-more.html