Here are some of the most important movers in the premarket.
Tesla (TSLA), Tesla shares rose 3% in premarket trading after the company announced that it had delivered 241,300 vehicles in the third quarter. This is the most vehicle deliveries for a quarter ever and a 73% increase on the quarter a year earlier.
Moderna (MRNA), Novavax(NVAX) Moderna shares and Novavax share are under pressure again this morning. After the Merck (MRK) success in its late-stage trial of its anti-viral medication, both Covid-19 vaccine manufacturers saw double-digit percentage loss Friday. Moderna lost 4% in premarket trades, while Novavax fell 3.3%. Merck gained 2.7% in premarket trading after Friday's 8.4% increase.
General Motors (GM) Hedge fund Engine No. 1 supported GM's goal of having a 100% electric vehicle portfolio by 2035 and made an investment in the automaker. Engine No. Engine No. 1 was prominently placed earlier this year on Exxon Mobil’s (XOM), board by three independent climate-focused directors.
Delta Air Lines (DAL), Delta has reaffirmed its original third quarter revenue forecast after reducing it a month earlier. Chief Executive Officer Ed Bastian stated that ticket sales have stabilized and then improved and that domestic bookings for 2022 will surpass levels pre-pandemic. On October 13, Delta will release its third quarter results.
Southwest Airlines (LUV). Southwest Airlines (LUV), which saw 1.4% increase in premarket trading, was upgraded by Barclays to "overweight" from the "equal weight" status. This means that Southwest Airlines is now "overweight", and Southwest Airlines will be "overweight", meaning it views bluer skies ahead of airlines. It also said it prefers low-cost carriers such as Southwest.
Sun Life Financial (SLF). The financial services company has reached a deal with DentaQuest, an oral health care provider, to purchase for $2.47 Billion in cash. This transaction will increase Sun Life's employee benefit offerings.
3M (MMM). 3M dropped 1.5% in premarket trading after J.P. Morgan Securities downgraded it to "neutral" instead of "overweight" citing a lack "fundamental direction".
Roper Technologies (ROP). Roper has sold its engineering solutions unit TransCore, to Singapore Technologies Engineering, for $2.68 billion. TransCore is a safety company that specializes in safe solutions for roads and tunnels.
Johnson & Johnson (JNJ). Johnson & Johnson plans to request the Food and Drug Administration to approve a booster shot for the Covid-19 vaccine. This is according to The New York Times, which cited officials who are familiar with Johnson & Johnson's plans.
Amazon.com (AMZN). Amazon announced what it calls "Black Friday-worthy deals" nearly eight weeks ahead of the actual Black Friday date. Amazon announced a program that allows Prime members to send gifts to anyone using a mobile number or an email address. This will be without the need to know the recipient's location.
