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Stocks making the biggest moves in the premarket: Virgin Galactic, Krispy Kreme, Apollo Global & more

Stocks making the biggest moves in the premarket: Virgin Galactic, Krispy Kreme, Apollo Global & more

FINANCE NEWS

Stocks making the biggest moves in the premarket: Virgin Galactic, Krispy Kreme, Apollo Global & more

Take a look at some of the biggest movers in the premarket:Virgin Galactic (SPCE) – Virgin Galactic shares soared 28.2% in the premarket after it announced that founder Richard Branson plans to be aboard a planned July 11 space flight. The flight would be 9 days before a scheduled Blue Origin flight would take its founder, Amazon’s Jeff Bezos, into space.Didi (DIDI) – The China-based ride-hailing company’s shares gave up a premarket gain, following news that China’s Cyberspace Administration will conduct a cybersecurity investigation into Didi’s operations. It has also asked Didi to cease new user registrations while the investigation is taking place. Didi shares tumbled 5.5% in the premarket following that news.Krispy Kreme (DNUT) – The donut chain’s shares fell 5% in premarket trading, giving back a portion of the 23.5% gain registered in Thursday’s first day of trading. Krispy Kreme returned to the public markets yesterday, five years after being taken private.Apollo Global (APO) – The private-equity firm announced it would buy a stake of up to 24.9% in financial technology investor Motive Partners, with The Wall Street Journal reporting that the transaction values Motive at about $1 billion. Apollo fell 2.4% in the premarket.Johnson & Johnson (JNJ) – J&J said its Covid-19 vaccine showed promise against the Delta variant and other emerging strains of the virus. It also said immune response among vaccine recipients lasted at least eight months.Raytheon Technologies (RTX) – The defense contractor won a $2 billion Air Force contract to produce a nuclear-armed cruise missile. Design and manufacturing of the missile are expected to be completed in February 2027.Verizon (VZ) – Verizon told regulators it would continue to support low-cost wireless service if it is allowed to complete its $6.9 billion deal to buy prepaid mobile phone provider Tracfone.Tesla (TSLA) – An attorney for a Pennsylvania driver told Reuters that a Tesla Model S Plaid model burst into flame while the owner was driving, just three days after it was delivered. Tesla did not have an immediate comment.GlaxoSmithKline (GSK) – The drugmaker responded to a letter sent by activist investor Elliott Advisors, saying it welcomes all constructive input from shareholders that supports the creation of long-term value. Elliott had disclosed a stake in Glaxo earlier this week and urged it to consider selling its consumer health care unit, among other suggestions.PNC Financial (PNC) – The banking company received a double upgrade from Wolfe Research to “outperform” from “underperform.” Wolfe feels PNC’s earnings outlook is especially upbeat due to the acquisition of the U.S. unit of Spanish bank BBVA.CureVac (CVAC) – The German drugmaker’s stock slumped 4.1% in the premarket, adding to Thursday’s 7.7% slide. That followed news that its Covid-19 vaccine saw 48% efficacy in updated study results, only slightly improved from initial results.


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