During Market hours Yesterday — (Thursday – 01.07.2021):
- The Dow (Symbol: DIA) jumped 0.41%. The S&P 500 (Symbol: SPY) went up 0.55% and the Nasdaq (Symbol: QQQ) gained 0.04%.
- Didi (Symbol: DIDI) — Shares of the Chinese ride hailing company surged 15.98% in their second day of trading, rising back above $16 per share. The stock had a muted session on Wednesday after its initial public offering, posting a gain of 1% from its IPO price and closing below its opening price.
- CureVac (Symbol: CVAC) — The German drugmaker’s stock fell 7.66% as final study analysis showed its Covid-19 vaccine is just 48% effective. An initial assessment two weeks ago showed 47% effectiveness.
- Walgreens (Symbol: WBA) — Shares of the drugstore chain dropped 7.4% even after the company raised its outlook for the year and reported stronger-than-expected earnings and revenue for its fiscal third quarter. Walgreens reported adjusted quarterly profit of $1.51 per share, beating the consensus estimate of $1.17, according to Refinitiv. Revenue also topped forecasts amid a rebound in prescription volumes.
- Micron Technology (Symbol: MU) — The chip maker lost 5.7% despite beating quarterly earnings estimates by 16 cents a share, reporting $1.88 per share. Micron’s revenue topped Wall Street forecasts as well. Micron sold a Utah semiconductor factory to Texas Instruments for $900 million in cash.
- ZipRecruiter (Symbol: ZIP) — The online recruiting company’s stock fell 3.44% despite a call from Barclays Thursday morning, which gave ZipRecruiter an overweight rating saying the stock could jump 20%. Still, U.S. employers have cited worker shortages and difficulty replacing lost jobs from the pandemic.
- Coinbase (Symbol: COIN) — The cryptocurrency exchange’s stock fell 4.68% after Mizuho reiterated its neutral rating on it, saying meager crypto volumes” bode “poorly” for the rest of 2021. Coinbase shares tend to trade in tandem with the price of bitcoin, which is also trading lower Thursday.
- United Airlines (Symbol: UAL) — The air carrier continues to trade higher at 1.5%, two days after said it would begin chasing premium customers with larger planes. United said it expects to hire 25,000 people by 2026 after placing a 150-unit aircraft order, as it shifts from survival mode to rebound mode.
During Premarket hours today – (Friday – 02.07.2021):
- Virgin Galactic (Symbol: 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.
- Krispy Kreme (Symbol: 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 (Symbol: 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.
- CureVac (Symbol: 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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