By Scott Kanowsky
Investing.com -- Stocks in focus in premarket trade on Thursday, October 6th. Please refresh for updates.
Peloton Interactive Inc (NASDAQ:PTON) shares moved 0.6% higher in volatile premarket dealmaking after the exercise equipment maker reportedly told staff that it plans to slash 500 jobs in a bid to restructure the business. Twitter Inc (NYSE:TWTR) shares slumped 2.1% in early hours trading as the drama over Elon Musk's $44 billion proposed buyout of the social platform, with negotiators reportedly hashing out the details of purchase. Shell (NYSE:SHEL) stock fell 5.4% after the energy giant warned that lower refining margins will hit third-quarter earnings. Conagra (NYSE:CAG) stock rose 0.6% after the food producer posted better-than-expected quarterly sales and backed its annual outlook. Pinterest Inc (NYSE:PINS) shares jumped 5.6% after Goldman Sachs upgraded its rating of the image-sharing business to "buy" from "neutral." Compass Inc (NYSE:COMP) shares surged 5.9% after a report emerged that Vista Equity Partners is seeking to take the real estate firm private. Take-Two Interactive Software Inc (NASDAQ:TTWO) shares moved 3.1% higher after Goldman Sachs analysts raised their rating for the videogame maker to "buy" from "neutral."