Breaking News
Investing Pro 0
NEW! Get Actionable Insights with InvestingPro+ Try 7 Days Free

Virgin Galactic Rises Premarket; Did Global, Tencent Music Fall

Stock MarketsJul 12, 2021 13:24
Saved. See Saved Items.
This article has already been saved in your Saved Items
© Reuters

By Peter Nurse -- Stocks in focus in premarket trade on Monday, July 12th. Please refresh for updates.

  • Virgin Galactic (NYSE:SPCE) stock rose 2.9% after the company successfully completed its first full-crew spaceflight over the weekend, taking another important step towards its commercial launch next year. 

  • Didi Global (NYSE:DIDI) ADR fell 2.4% after the ride-hailing company warned its revenue would suffer as a result of the Cyberspace Administration of China's order withdrawing 25 more of its apps from local app stores.

  • Tencent (HK:0700) Music (NYSE:TME) stock fell 2.6% after Reuters reported China’s antitrust regulator is set to order the company’s music streaming arm to give up exclusive rights to music labels it has used to compete with smaller rivals.

  • Walt Disney (NYSE:DIS) stock gained 0.1% after the entertainment giant’s ‘Black Widow’ movie grossed $218 million on its debut weekend, with some $60 million of that generated by distribution through its Disney+ streaming channel. JPMorgan (NYSE:JPM) has also reiterated the company as a ‘top pick’.

  • Nordstrom (NYSE:JWN) stock fell 0.3% after the clothes retailer acquired a minority interest in four brands owned by the online U.K. fashion house ASOS (OTC:ASOMY), aiming at a younger customer base.

  • Clover Health (NASDAQ:CLOV) stock fell 0.8% after JPMorgan downgraded its investment recommendation to ‘underweight’ from ‘neutral’ as the meme stock’s momentum fades with the healthcare company having to improve its fundamental business.

  • Cheesecake Factory (NASDAQ:CAKE) stock rose 1.9% after Raymond James upgraded its recommendation to ‘outperform’ from ‘market perform’, saying the market is underestimating the comeback for full-service restaurants.

  • Chevron (NYSE:CVX) stock fell 0.6%, weighed by today’s falling oil prices, and despite BMO saying investors should buy its stock in view of the major's imminent dividend hike and resumption of buybacks.

  • Prothena (NASDAQ:PRTA) stock rose 7% after Danish drugmaker Novo Nordisk (NYSE:NVO) said it  will acquire the drug developer's experimental heart therapy in a deal that could be worth up to $1.23 billion.

  • Alphabet (NASDAQ:GOOGL) stock rose 0.4% after Reuters reported that the tech giant’s unit Google will seek to overturn a record 4.34-billion-euro ($5.15 billion) EU antitrust fine at a hearing in September at Europe's second-highest court.


Virgin Galactic Rises Premarket; Did Global, Tencent Music Fall

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at’s discretion.

Write your thoughts here
Are you sure you want to delete this chart?
Post also to:
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Are you sure you want to delete this chart?
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Our Apps
© 2007-2022 Fusion Media Limited. All Rights Reserved.
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
  • Sign up for FREE and get:
  • Real-Time Alerts
  • Advanced Portfolio Features
  • Personalized Charts
  • Fully-Synced App
Continue with Google
Sign up with Email