10:05
+21 C°
Traffic jam:   4
$
71.8318
87.2110

Sonos, Vroom rise premarket

13 May 2021
3619
2 min.
11
Sonos, Vroom rise premarket

Stock market

Prudential (LON:PRU) shares fell 4.3% after the UK-based life insurance company said the spin-off of its US business would not take place until the second half of the year.

Alibaba (NYSE:BABA) shares fell 3.1% as China's leading e-commerce platform posted a net loss after the company was fined $2.8 billion by the government for breaking antitrust laws. Meanwhile, quarterly revenue rose 64%.

Sonos (NASDAQ:SONO) shares soared 13% after the premium speaker maker raised its fiscal 2021 forecast and reported stronger-than-expected revenue in the second quarter thanks to increased demand for speakers from home consumers.

Shares in Vroom (NASDAQ:VRM) were also up 13% after the used-car retailer reported strong first-quarter sales and a smaller-than-expected loss as its online sales nearly doubled on the back of many avoiding public transport.

Shares of Bumble (NASDAQ:BMBL) fell 1.5% after the online dating app started to turn a profit in the first quarter; while its sales more than doubled due to an increase in paying users.

Shares of Jack In The Box Inc (NASDAQ:JACK) lost 5% after the burger chain predicted higher price pressures, with raw material prices rising about 3% and labour costs rising 5 to 6%. The company also said it expects single-digit growth in shop sales this financial year.

Shares of Casper Sleep (NYSE:CSPR) rose 6.2% as the mattress maker raised its full-year guidance after reporting a lower-than-expected quarterly loss and higher-than-expected revenue.

Canada Goose (NYSE:GOOS) shares jumped 5.4% after the winterwear retailer projected annual revenue in excess of C$1 billion for the first time, thanks to a surge in online sales and strong demand for its products in China that helped the company post a surprise profit.

Lowe's (NYSE:LOW) shares gained 1% after Oppenheimer raised its investment rating on the home goods retailer's shares to 'above-market', saying they could rise another 20% given the current rotation into cyclical shares.

Shares in BJs Wholesale Club (NYSE:BJ) rose 0.6% after JPMorgan (NYSE:JPM) upgraded the wholesale-retailer's investment rating to 'above market' from 'average', saying its membership programme was undervalued.

Companies11 in the news

Canada Goose
2 place
Casper Sleep
3 place
Bumble
4 place
Vroom
5 place
Prudential
6 place
Alibaba Group
7 place
Jack In The Box
8 place
Sonos
9 place
Lowe's
10 place
JPMorgan Chase
11 place
Section:

Discussion

Rating companies
Tesla
68 Mention
Apple
67 Mention
Nasdaq
64 Mention
Amazon
56 Mention
Dow Jones
51 Mention
Facebook
50 Mention
Microsoft
35 Mention

NEW YORK NEWS

News from GlobalNY.biz is the freshest and most relevant information about high-profile events in the region. The task of the resource's news feed is to convey to readers with maximum accuracy and objectivity information about important events in business, politics, economy, healthcare, culture and other spheres of life in New York.
GlobalNY.biz news is a coverage of economic processes taking place in New York, the latest news of public life, incidents and an overview of political events. New York news is information about the activities of small and medium-sized businesses, the work of housing and communal services and utilities, the implementation of significant projects.
The site's journalists describe not only the life of the region, but also talk about the current state of the US economy. Everything you need to know about innovations in the field of industry and agriculture, economy and power is collected in the "News" section at GlobalNY.biz.
New York news quickly informs the reader, shows the real picture and opens up hot topics. Communication with government structures and business enables us to provide our readers with reliable, information-rich material. The main page of the portal contains the key news of New York!
Alena Potapova

Development Director