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 co