Stocks making the biggest moves in the premarket: Kohl’s, Snap, Peloton and more
- Date: 24-Jan-2022
- Source: CNBC
- Sector:Financial Markets
- Country:Gulf
Stocks making the biggest moves in the premarket: Kohl’s, Snap, Peloton and more
(KSS) â Kohl's soared 27.3% in premarket trading as takeover interest in the retailer ramps up. Starboard-backed Acacia Research is offering $64 per share for Kohl's, compared to Friday's close of $46.84 a share. People familiar with the matter say private-equity firm Sycamore Partners has reached out with a potential offer of at least $65 per share. (SNAP) â Snap shares slid 5.3% in the premarket after it was downgraded to "neutral" from "outperform" at Wedbush, which sees various headwinds impacting the social media network operator's revenue growth. (PHG) â Philips slid 4.2% in premarket action after the Dutch health technology company reported falling profit due in part to supply chain issues that are expected to persist in coming months. Philips did predict a strong recovery in sales for the second half of the year. (PTON) â Activist investor Blackwells Capital is calling on Peloton to fire its CEO and seek a sale of the company. The fitness equipment maker's stock is down more than 80% from its all-time high, as it struggles to deal with rapidly changing supply-and-demand dynamics. Peloton fell 2% in premarket trading. (HAL) â Halliburton rose 1.5% in the premarket after the oilfield services company beat