Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your experience. Save up to 40% More details

Tesla, Sonos, Vroom Rise Premarket; Alibaba Falls

Stock MarketsMay 13, 2021 13:24
Saved. See Saved Items.
This article has already been saved in your Saved Items
© Reuters.

By Peter Nurse -- Stocks in focus in premarket trade on Thursday, May 13th. Please refresh for updates.

  • Tesla (NASDAQ:TSLA) stock rose 1.8%, rebounding after earlier losses in the wake of CEO Elon Musk’s tweeting that the electric-vehicle manufacturer is suspending the use of Bitcoin as a method to purchase its vehicles, citing concerns about the impact on the environment from mining for the cryptocurrency.

  • Prudential (LON:PRU) (NYSE:PUK) stock fell 4.3% after the U.K.-based life insurer said the spin-off of its U.S. business would not take place until the second half.

  • Alibaba (NYSE:BABA) ADR fell 3.1% after China's top e-commerce platform swung to a net loss after the company swallowed a $2.8 billion fine for monopolistic behavior imposed by Beijing. Quarterly revenue surged 64% as more people shopped online due to the coronavirus pandemic.

  • Sonos (NASDAQ:SONO) stock rose 13% after the maker of premium speakers raised its outlook for fiscal 2021 after it reported stronger-than-expected second quarter revenue, buoyed by elevated demand for its speakers from homebound consumers. 

  • Vroom (NASDAQ:VRM) stock rose 13% after the used car retailer reported strong first-quarter sales, and a smaller loss than anticipated, with its online sales nearly doubling as the public shunned public transport.

  • Bumble (NASDAQ:BMBL) stock fell 1.5% after the online dating app swung to a profit in the first quarter, with sales more than doubling due to an uptick in paying users.

  • Jack In The Box (NASDAQ:JACK) stock fell 5% after the burger chain predicted higher cost pressures, seeing commodity cost inflation of about 3% and labor cost inflation of 5% to 6%. The company also said it sees high single-digit system same-store sales growth for its fiscal year.

  • Casper Sleep (NYSE:CSPR) stock rose 6.2% after the mattress maker raised its full-year outlook, after reporting a smaller-than-expected quarterly loss and saw revenue exceed estimates. 

  • Canada Goose (NYSE:GOOS) stock rose 5.4% after the winter wear retailer forecast annual revenue above C$1 billion for the first time, after surging online sales and strong Chinese demand helped it post a surprise profit.

  • Lowe’s (NYSE:LOW) stock rose 1% after Oppenheimer upgraded its stance on the home improvement retailer to ‘outperform’ from ‘market perform’, saying the stock can rise another 20% given the current rotation into cyclical stocks.

  • BJs Wholesale Club (NYSE:BJ) stock rose 0.6% after JPMorgan upgraded its stance on the wholesale retailer to ‘outperform’ from ‘neutral’, saying its membership program is undervalued.


Tesla, Sonos, Vroom Rise Premarket; Alibaba Falls

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at’s discretion.

Write your thoughts here
Are you sure you want to delete this chart?
Post also to:
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Are you sure you want to delete this chart?
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
Sign up with Email