Tesla, Nvidia, Snowflake, Peloton and others experienced shifts in their share prices. Stock futures climbed higher Thursday following a shift in investor sentiment after an injection of fiscal stimulus in China and also as traders awaited the start of the Jackson Hole economic conference.
Dow Jones Industrial Average Futures gained by 0.3%, and S&P 500 futures climbed by 0.5%. Futures for the tech-heavy Nasdaq Composite gained 0.8%.
These are the stocks making notable moves in premarket trading this Thursday.
Tesla (ticker: TSLA) stock was 2.3% higher early Thursday after a 3-for-1 stock split went into effect. Shares closed at $891.29 on Wednesday. In premarket trading Thursday, the split-adjusted stock traded at roughly $303.60 a share.
Nvidia (ticker: NVDA) dropped 3.4% following the company’s release of its quarterly revenue outlook for the October quarter. The estimate was below Wall Street expectations.
Snowflake (ticker: SNOW) stock climbed 20% after the cloud-based data warehousing company released better-than-expected financial results for its second quarter and increased its full-year product revenue guidance.
Teladoc Health (ticker: TDOC), a telehealth service provider, jumped 5% following Amazon.com’s (ticker: AMZN) to shut down Amazon Care, the healthcare service initially set up for Amazon employees during the pandemic, and then expanded to other corporate customers.
Peloton Interactive (ticker: PTON) declined 15% after the at-home fitness company reported greater losses and lower revenue guidance for its fiscal fourth quarter than was expected by Wall Street. Its forecasts also fell short of expectations.
Salesforce (ticker: CRM) dropped 6.2% after the software-as-a-service company reduced its full-year revenue guidance.
Splunk (ticker: SPLK) was 10% lower after the provider of data security and IT monitoring software reduced its full-year annual recurring revenue forecast.