Stocks to Watch: Wells Fargo, Bank of New York Mellon, Pfizer, McDonald's, Peloton, and More

By Ira Iosebashvili and Dave Sebastian 

Here are some of the companies with shares expected to trade actively in Friday's session. Stock movements noted by ticker reflect movements during regular trading hours; premarket trading is specified separately.

Wells Fargo, Bank of New York Mellon -- Up 2.7% premarket and down 2.3% premarket, respectively : Bank of New York Mellon Chairman and Chief Executive Charles Scharf is leaving next month to become president and CEO of Wells Fargo; BNY Mellon has appointed Thomas Gibbons as interim CEO.

Pfizer -- Up 1% premarket: Pifzer Executive Chairman Ian Read will retire at the end of the year, and Chief Executive Albert Bourla will assume the additional post of chairman, effective Jan. 1.

McDonald's, Beyond Meat -- Up 0.5% premarket and down 0.2% premarket, respectively: The fast-food giant said Thursday it is testing Beyond Meat patties at restaurants in Canada for 12 weeks.

Peloton Interactive -- Up 0.4% premarket: The maker of stationary bikes and treadmills saw its stock slide more than 11% in its trading debut on Thursday.

Micron Technology -- Down 5.7% premarket: The memory-chip maker reported another large earnings decline and predicted a disappointing holiday season.

Apple -- Up 0.2% premarket: The company plans to bring feature-length films to theaters before releasing them on its streaming TV service, The Wall Street Journal reported Friday, citing people familiar with the plans.

Marathon Petroleum -- Up 0.3% premarket: Two of the company's large shareholders have sent a letter calling for the ouster of the fuel maker's chief executive, The Wall Street Journal reported Friday.

Dish Network, Fox -- Both unchanged premarket: The two companies are battling over a new contract, resulting in consumers losing access to a number of cable channels and local stations carried by Fox.

Vail Resorts -- Up 3.4% premarket: The resort operator reported a net loss that wasn't as wide as analysts expected.

This is an updated version of the "Stocks to Watch" section of our Markets newsletter. To receive it every morning via email, click here.

Write to Ira Iosebashvili at [e-mail]

(END) Dow Jones Newswires

September 27, 2019 09:11 ET (13:11 GMT)

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