The following are some of the biggest drivers in the premarket: Pinterest (PINS) - Shares of Pinterest fell 13.2% in premarket trading after PayPal (PYPL) said it was not interested in acquiring the social media company at this time. He made the statement in response to reports that he was exploring the possibility of acquiring Pinterest for up to $ 45 billion. PayPal shares jumped 6.1%.
Hertz plans to order 100,000 Tesla vehicles for its fleet. Tesla shares rose 4.3% pre-market. Tesla (TSLA) - The electric car company has raised prices for some Model X and Model S models.
A share of the consumer products company fell 3% in pre-market trading after quarterly profits missed estimates by 3 cents per share at $1.62 per share. Revenue increased slightly, but Kimberly-Clark's results were hurt by higher inflation and costs.
Restaurant Brands International (QSR) – Restaurant chain Covid-19 reported earnings of $1.52 per share, 2 cents above Wall Street estimates. Revenue was only slightly ahead of Wall Street's prediction, as labor pressures and supply chain issues affect parent companies Tim Hortons, Burger King, and Popeyes.
Additionally, Otis surpassed analysts' revenue estimates with 77 cents per share in quarterly profit and 4 cents per share above expectations. The company is known for its luxury elevators.
In a Wall Street Journal article published today, Facebook is described as having internal disputes over the treatment of right-wing content. The stock fell 5% on Friday, snapping a four-game winning streak. Its shares fell another 1.5% on Monday.
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