Twitter (TWTR)

Twitter fell 1.8% in the premarket as it remains on watch
today amid multiple reports on the effort by Elon Musk and the social media
company to finalize an agreement on his $44 billion takeover deal. According to
the Wall Street Journal report the two sides held unsuccessful talks about a
possible price cut for the deal. However, Reuters reported that private equity
firms Apollo Global and Sixth Street Partners are no longer in discussions with
Musk to provide financing.

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Shell (SHEL)

Shares of the energy producer fell 5.4% in premarket action
after saying third-quarter earnings will take a hit from significantly lower
profits from trading gas. Shell cited higher costs for delivering fuel.

Pinterest (PINS)

The image-sharing site’s surged 5.2% in the premarket after
it was upgraded to “buy” from “neutral” at Goldman Sachs. Goldman showed
confidence in Pinterest’s ability to further monetize its operations and
capture more ad dollars.

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Peloton (PTON)

Peloton shed 4.2% in premarket action after announcing it
would cut another 500 jobs or around 12% of its remaining workforce following
several previous rounds of job cuts. CEO Barry McCarthy told the Wall Street
Journal he’s giving the fitness equipment maker another six months or so to
turn itself around and if it can’t, Peloton is likely, not viable as a standalone
company.

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Conagra (CAG)

Shares of the food producer gained 2% in the premarket
after it reported higher-than-expected quarterly profit and sales. Conagra also
retained its full-year guidance.

McCormick (MKC)

The spice maker’s stock slid 1.1% in premarket trading
after it reported adjusted quarterly earnings of 69 cents per share, 7 cents
below estimates, with revenue essentially in line with forecasts. The company
said it is now recovering costs through pricing actions after a period that saw
its expenses outpace product price increases.

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Compass (COMP)

Compass shares rallied 11.4% in the premarket after an
Insider report said Vista Equity Partners is exploring a deal to take the real
estate firm private.

Eli Lilly (LLY)

Eli Lilly shares gained 1% in premarket action its diabetes
drug tripeptide received a “Fast Track” designation from the FDA for possible
use to treat adults with obesity or overweight with weight-related comorbidities.

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Take-Two Interactive (TTWO)

Take-Two Interactive added 3% in premarket trading after
Goldman Sachs upgraded the stock to “buy” from “neutral” and increased its
price target to $165 per share from the prior $131. The firm cited improving
video game industry fundamentals.

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Splunk (SPLK)

Splunk lost 3.1% in the premarket after UBS downgraded the
stock to “neutral” from “buy.” UBS said the data platform provider faces many
additional headwinds aside from the overall macroeconomic outlook.