Movers before Friday – Beyond Meat, Chewy, Peloton


U.S. equity futures were higher after the Bureau of Labor Statistics reported that U.S. inflation had risen, but the data was on target.

Here are some of the top players heading into Friday’s session.

1. Chewy CHWY | Down 10%

Chewy’s actions (CHWY) – Get the Class A report from Chewy, Inc. fell after the pet accessories retailer reported a larger-than-expected loss. Wedbush analysts lowered Chewy’s price target to $ 55 from $ 70 per share due to slower customer growth.

2. Oracle ORCL | Up 13%

Oracle Actions (ORCL) – Get the Oracle Corporation report surged after the software group posted better-than-expected second-quarter earnings and strong near-term prospects.

“The cloud is fundamentally a more profitable business than on-premises, and I expect our operating margins this year to be at or above prepandemic levels of 44%,” said chief executive Safra Katz.

Broadcom Actions (AVGO) – Get the Broadcom Inc. were on the rise after chipmaker and key Apple supplier (AAPL) – Get the Apple Inc. posted better than expected results, implemented a share buyback plan and increased its dividend.

4. Beyond Meat BYND | Down 2.3%

Beyond Meat Actions (PARND) – Get Beyond Meat Report, Inc. fell after Yum Brands (YUM) – Get Yum! Report from Brands, Inc. The Taco Bell chain reportedly returned test samples of the grilled carne asada from the alternative meat maker.

Two Beyond Meat employees were laid off, according to a Bloomberg report.

5. PTON Platoon | Down 3.7%

Platoon Actions (PTON) – Get the Class A report from Peloton Interactive, Inc. fell after analysts at Credit Suisse lowered the connected fitness firm’s share to outperformance neutral and lowered the price target to $ 50 per share.

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