HomeFinanceStocks making the biggest premarket moves: Virgin Galactic, Adobe, SoFi, Cava and...

Stocks making the biggest premarket moves: Virgin Galactic, Adobe, SoFi, Cava and more – UnlistedNews

The VMS EVE aircraft carries the VSS Unity spacecraft during a flight test.

galactic virgin

Check out the companies making the biggest moves in pre-market trading:

galactic virgin – Shares soared nearly 45% in premarket trading, a day after the company said its first commercial space tourism flight is scheduled for later this month. Its second commercial flight is expected in early August, with monthly flights after that, the company said.

Adobe — Technology shares rose nearly 5% after their earnings and revenue topped Thursday after the bell. The company also raised its forecast for the fiscal third quarter and the full year. It expects to earn between $15.65 and $15.75 per share, after adjustments, on revenue in the range of $19.25 billion to $19.35 billion in fiscal 2023, which is on the extreme higher than estimates.

I robot — Shares rose more than 20% after the UK regulator, the Competition and Markets Authority, approved Amazon’s shares. $1.7 billion acquisition of the Roomba vacuum cleaner. Amazon shares were flat.

SoFi Technologies — Shares fell about 6% after Piper Sandler downgraded them to neutral from buy. The Wall Street firm said the call was mainly due to valuation, but believed the fintech firm was a “long-term winner.” Oppenheimer also downgraded the stock on Thursday due to its recent appreciation.

Cava Group – Newly debuted restaurant shares rose more than 4% in premarket trading on Friday, extending their massive gains from Thursday’s session. Cava closed at $43.78 per share on its first day of trading on Thursday, 99% above its IPO price of $22 per share.

micron technologies — Chip stocks gained nearly 3% after a bloomberg report That being said, Micron is close to sealing a billion dollar deal to build a new factory in India.

DraftReyes — Shares rose more than 1% after the online gambling company made a $195 million offer for PointsBet’s US assets, outbidding Fanatics.

— CNBC’s Jesse Pound contributed reporting.


Sara Marcus
Sara Marcushttps://unlistednews.com
Meet Sara Marcus, our newest addition to the Unlisted News team! Sara is a talented author and cultural critic, whose work has appeared in a variety of publications. Sara's writing style is characterized by its incisiveness and thought-provoking nature, and her insightful commentary on music, politics, and social justice is sure to captivate our readers. We are thrilled to have her join our team and look forward to sharing her work with our readers.


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