share this article!

Take a look at some of the biggest premarket movers: Virgin Galactic (SPCE) – Virgin Galactic stock jumped 28.2 percent in premarket trading after the company announced that founder Richard Branson will be aboard a planned space voyage on July 11. The journey would take place nine days before Blue Origin’s creator, Amazon’s Jeff Bezos, will fly into space on a scheduled flight. Didi (DIDI) – Following news that China’s Cyberspace Administration will undertake a cybersecurity probe into Didi’s activities, the Chinese ride-hailing company’s shares gave up a premarket gain. It has also requested Didi to stop registering new users while the probe is ongoing. Following that announcement, Didi’s stock dropped 5.5 percent in premarket trading. Krispy Kreme (DNUT) – The donut chain’s stock dipped 5% in premarket trade on Thursday, giving up some of its 23.5 percent gain on the first day of trading. Krispy Kreme re-entered the public markets yesterday, having being gone private five years ago. Apollo Global (APO) – The private equity firm stated that it would buy up to 24.9 percent of financial technology investor Motive Partners, valuing Motive at around $1 billion, according to The Wall Street Journal. In the premarket, Apollo was down 2.4 percent. Johnson & Johnson (JNJ) said its Covid-19 vaccine showed promise against the Delta version of the virus as well as other developing strains. It also said that vaccine recipients’ immunological responses lasted at least eight months. Raytheon Technologies (RTX) – The defense contractor was awarded a $2 billion contract by the Air Force to develop a nuclear-armed cruise missile. The missile’s design and production are planned to be finished in February 2027. Verizon (VZ) has told authorities that if it is allowed to complete its $6.9 billion acquisition of prepaid mobile phone operator Tracfone, it will continue to support low-cost wireless service. Tesla (NASDAQ:TSLA) – According to Reuters, a Tesla Variant S Plaid model burst into flame as the owner was traveling just three days after it was delivered, according to an attorney for a Pennsylvania motorist. Tesla did not respond to a request for comment right away. GlaxoSmithKline (GSK) – In response to a letter from activist investor Elliott Advisors, the drugmaker stated that it welcomes all constructive shareholder input that contributes to the creation of long-term value. Elliott revealed earlier this week that he owns a stake in Glaxo, and urged the company to sell its consumer health care sector, among other things. PNC Financial (PNC) – Wolfe Research upgraded the banking business from “underperform” to “outperform” today. PNC’s earnings outlook, according to Wolfe, is especially positive as a result of the acquisition of BBVA’s U.S. unit. CureVac (CVAC) – The German drugmaker’s stock fell 4.1 percent in premarket trading, following a 7.7 percent drop on Thursday. That came after the company said that updated study findings for its Covid-19 vaccine showed a 48 percent efficacy rate, which was only slightly better than the earlier results./nRead More

share this article!