Examine the businesses that are generating news in premarket trading.
Boeing: Following the catastrophic Jeju Air incident over the weekend, South Korea ordered an inspection of all B737-800 aircraft, causing a 3% decline in the company’s shares. The crash became the deadliest air catastrophe in the history of the nation, killing all but two of the 181 passengers on board.
V2X: Following the announcement of a $170 million contract with the Drug Enforcement Administration, the defence company saw a 4.2% increase in price. V2X will continue to support the DEA’s fleet of planes under the terms of the deal.
Rigetti Computing— Following a more than 10% surge on Friday, the quantum computing stock fell 5.1%, reversing its previous trend. Among the quantum stocks that have soared in 2024, Rigetti has risen more than 1,600% so far this year.
KULR Technology Group — Following a 58% increase last week, shares of the space technology company fell 3%, giving up some gains.
Red Cat Holdings – Following a more than 8% decline on Friday, the drone stock gained some ground, rising 2.7%. Shares have risen more than 380% in the fourth quarter despite recent turbulence as Wall Street’s interest in the industry was reignited by drone sightings in the United States.
Palantir Technologies – After a huge year-to-date increase of about 361%, the software company’s stock fell 2%. After extending an army contract for up to $619 million earlier in December, Palantir has gained about 18% this month alone and has been the best-performing stock in the S&P 500 in 2024.
VeriSign – Premarket shares increased by almost 2%. Berkshire Hathaway said last week that it had acquired over 140,000 shares of the domain registrar service provider.
MicroStrategy – Following the company’s announcement that it had sold about 592,000 shares and raised roughly $209 million in proceeds, the price dropped more than 2%. The business also revealed that more than 2,100 bitcoins were bought with the proceeds from that sale.
Source (CNBC)
