Finally, Aurora Cannabis implemented the announced 12:1 reverse stock split, mainly aimed at preventing the cannabis company from being delisted from the New York Stock Exchange. ACB stock is in the red now.
Quidel (QDEL) stock goes up as the healthcare manufacturer has received approval from the US Food and Drug Administration (FDA) for its COVID-19 antigen test. It is quicker, cheaper and easier to develop than most other diagnostics.
Richard Branson will sell the Virgin Galactic shares “from time to time by means of ordinary brokers’ transactions.” Credit Suisse Group AG will manage the sale.
Shares of AMC Entertainment rocketed 47% in active pre-market trading today, as it was reported that Amazon is interested in acquiring the struggling movie theater chain.
Under Armour reported a first-quarter loss of $589.7 million. On a per-share basis, the Baltimore-based company said it had a loss of $1.30. Today in the pre-market, UAA stock is at around $9, it means it has lost 10%.
On Friday, Johnson & Johnson (JNJ) stock closed 0.75% up at $148.70. In the pre-market today, JNJ shares are up another 0.20% up, trading at $149.00.
After closing last week at $819.42, Tesla (TSLA) stock is now down 3% to trade at around $792. The company highlighted its plan to bring employees safely to work, amid the coronavirus crisis.
The U.S. unemployment rate in April 2020 has got worst since the Great Depression at 14.7%. This was a steep jump from the 4.4% rate in March 2020. The Trump administration is looking at ways to reopen the economy and get the engine running.
Oil demand has plummeted by about 30% this year. According to Goldman Sachs analysts, it may stay weak in 2021 as well, especially if the second coronavirus wave takes place.
Elon Musk has always had a very negative opinion about the coronavirus-related shutdown orders. Now he wants to relocate Tesla operations from California to other states. Meanwhile, TSLA stock went up on Friday.
Walt Disney (DIS) stock is reacting to the company’s plans to open its Shanghai park. Now the stock is trading around 2% up from teh previous close.
It has become known that the supply of Moderna’s coronavirus vaccine will be limited and the U.S. government will help to choose who will be the first to get it. Meanwhile, today Moderna (MRNA) stock is around 10% up.
Paul Tudor Jones says that investors should forget about the old ways of doing things and start taking Bitcoin seriously.
Jobless claims last week totaled 3.17 million, the U.S. Labor Department reported on Thursday. Though the numbers remain elevated, it’s the lowest total since after the coronavirus was declared a pandemic.
During an interview with comedian Joe Rogan, Tesla CEO Elon Musk commented on a number of his recent sentiments, including his opinion about ongoing coronavirus ‘shelter in place’ policy.