Yahoo Finance Live’s Seana Smith checks out several trending stocks in the after-hours trading session.
Video Transcript
SEANA SMITH: It’s been a busy week of earnings. Here are some of the biggest movers of the week. Let’s kick it off with Roku. It’s a top trending ticker on Yahoo Finance over the last couple of days. Shares really took a dive. You can see it reflected in this five-day chart here after a wider than expected loss during the quarter.
Just another company to suffer from the pullback that we’ve seen in ad spending. Shares hitting the lowest level that we’ve seen since 2019. The weak results leading to a number of downgrades on the street. Pivotal Research lowering its rating on the stock to sell from hold. Guggenheim cutting its rating to neutral from buy. The five-day move in the chart. Shares closing off just around 9%, just below 50 bucks a share.
Let’s move over to Peloton, another wild week in this stock, although you can see the weekly gains of just over 17%. Shares initially sold off after the company disappointed the Street with its earnings, but they were reassured by some comments that we got from CEO, Barry McCarthy. Barry McCarthy making some comments on the turnaround plan, saying that it was further along than maybe the Street had progressed, saying, quote, “the ship is turning.” Taking a look at the week to date chart, up just around 17%. Still, though, below 10 bucks a share.
Let’s also take a look at Uber, another big mover earlier in the week. Shares soared after the company posted a revenue beat and strong guidance, closing Tuesday up 11% of sales during the third quarter from 72% from just a year ago. For the week, you can see a bit of those muted gains, though, giving back at the latter end of the week, with Uber closing up just around 3%, 28.39 a share.
Now let’s round it out with Starbucks, as we take a look at that five-day chart, up just around 5 and 1/2%, having its best day today in about six months. The stock closing up just around 8 and 1/2%, 91.86 a share. Third quarter earnings beat the Street’s expectations.
Also the company issuing strong fourth quarter guidance. A number of analysts boosting their price targets as a result. RBC upping its target to 88 bucks. Credit Suisse upping theirs to 105. Goldman lifting their price target to 98 bucks a share, all above where Starbucks is trading today. Again, for the week, shares closing up just around 5 and 1/2%, Rachelle.
