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Tesla, Moderna Rise Premarket; Zoom Falls

Published 12/01/2020, 08:11 AM
Updated 12/01/2020, 08:11 AM

By Peter Nurse 

Investing.com -- Stocks in focus in premarket trade on Tuesday, December 1st. Please refresh for updates.

  • Tesla (NASDAQ:TSLA) stock rose 4.4% after S&P Dow Jones Indices said it would add the electric car maker to the benchmark S&P 500 index all at once on Dec. 21. The index provider had considered adding the massive stock in multiple phases.

  • Exxon (NYSE:XOM) stock rose 1.9% with the oil giant trying to put all its bad news behind it, writing down the value of natural gas properties by up to $20 billion and cutting project spending sharply next year. 

  • Zoom Video Communications (NASDAQ:ZM) stock fell 6.7% despite reporting pretty strong earnings after the close Monday, pointing to the high expectations already baked into the stock price.

  • Moderna (NASDAQ:MRNA) stock rose 10%, continuing Monday’s strong gains, after the biotech filed with the European authorities for marketing authorization for its vaccine candidate.

  • Pfizer (NYSE:PFE) stock rose 2.3% after the pharma giant, in conjunction with German partner BioNTech, applied for EU emergency approval for its Covid-19 vaccine, which could be rolled out in Europe this month.

  • Boston Scientific (NYSE:BSX) stock rose 1.2% after the manufacturer of medical devices announced it was selling its BTG specialty pharma business for $800 million in cash.

  • Sunnova Energy (NYSE:NOVA) stock fell 1.5% after the solar company announced a stock offering of 7 million shares.
  • Nikola (NASDAQ:NKLA) stock fell 5.1%, continuing Monday's sharp falls after General Motors (NYSE:GM) announced it would no longer be taking an 11% equity stake in a scaled-back deal.
  • Shopify (NYSE:SHOP) stock fell 0.5% despite the e-commerce company announcing its total sales rose 76% to $5.1 billion over the Black Friday-Cyber Monday period.

 

Latest comments

BRAVO. Good & Good!!
The criminal fraud in the first legalized Ponzi scheme in history resumes.
Shopify is at ATH and the dare to say the stock fell
Fraud similar to Nikola
Which stock is the legalized ponzi scheme
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