Stock Gainers
- Peloton Interactive shares are leading the way today, with a nearly 4% increase in premarket trading. The fitness group is set to release its earnings next month as they work on revitalizing their previous success during the lockdown period.
Stock Decliners
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CSX Corp. shares experienced a drop of almost 4% in premarket trading after reporting second-quarter sales that fell short of expectations. This decline was influenced by lower fuel and coal prices, as well as weaker shipping volumes.
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PPG Industries Inc., a paint and coatings maker, saw their shares decrease by over 2%. Although the company’s second-quarter results exceeded Wall Street’s estimates and they raised their full-year profit forecast, management cautioned about continuing “tepid” industrial production and lower home sales.
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Sirius XM Holdings witnessed a decline of more than 8% in their stock. Despite experiencing a significant 42% jump on Thursday, driven by short covering and rebalancing of the Nasdaq 100 index, the stock is now facing some selling pressure.