Stocks making the biggest moves in the primary market: Palantir, Rivian, Uber, and more


Take a look at some of Primarkt’s biggest drivers:

Palantir . techniques (PLTR) — Shares of the data analytics software company fell 15.1% in pre-market trading after posting a mixed quarterly report. Palantir reported earnings of 2 cents per share, compared to 4 cents the stock consensus estimates. Revenues were higher than expected, despite slower growth in its government business. Palantir also released a lower-than-expected revenue forecast for the current quarter.

Rivian (riff) – Ford Motor (F) He sold 8 million out of 102 million of its stake at the electric car maker, according to sources who spoke to CNBC’s David Faber. This move comes with the end of the closing period for the sale of shares. Shares of Rivian fell 15.6% in the primary market.

Uber technologies (Uber) – Uber Plans to cut spending on marketing, incentives, and caution about adding workers, according to an employee email obtained by CNBC. CEO Dara Khosrowshahi said the ride-hailing and food-delivery services company said Uber needed to become a smaller company to address the “seismic shift” in investor sentiment. Uber stock fell 3% in the primary market.

kotie (COTY) — Coty reported quarterly earnings of 3 cents per share, exceeding the penny consensus estimated by the stock market. Revenues also beat expectations and the cosmetics company raised its full-year forecast due to strong demand for its products. The stock rose 1.7% in the primary market.

Energizer (ENR) — The battery maker beat estimates by nearly 9 cents per share, with quarterly earnings of 47 cents per share. Revenue beat Street expectations as Energizer raised prices. Its shares gained 2.3 percent in the primary market.

Animal Health Elanco (ELAN) — Elanco stock fell 4.3% in pre-market activity after the animal health products company cut its full-year forecast, reflecting the impact of a stronger US dollar. Elanco reported slightly better-than-expected earnings and revenue for the fourth quarter.

Tyson Foods (TSN) — The stock rose 1% in premarket after the beef and poultry producer beat earnings and revenue estimates for the fourth quarter. Tyson earned $2.29 per share, compared to $1.91 according to stock consensus estimates.

Biotechnology (BNTX) — BioNTech beat Wall Street estimates of earnings and revenue in its last quarter, and also supported its earlier forecasts for 2022 including the Covid-19 vaccine sales forecast.

Twitter (TWTR) — Elon Musk detailed his financial goals for Twitter in an investor presentation obtained by The New York Times. Among those goals: to triple revenue by 2028, reduce Twitter’s reliance on ads and reach 931 million users by 2028 compared to 217 million at the end of 2021. Twitter declined 1.3% in pre-market trading.

coincidence (Shell) — Daniel Loeb of Third Point told investors it had added to its stake in energy giant Shell, according to a letter seen by Reuters. In the letter, Loeb said he had had “constructive” conversations with management, the board and shareholders about his call for the company to split itself. Shell shares fell 2.6 percent in pre-market trading.

Southwest Gas (SWX) — Southwest Gas has reached a settlement with investor Carl Icahn that will see the utility company replace its CEO and give Icahn up to four seats on the board. Southwest Gas was up 1% on the premarket market.