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Home»Finance»Stocks making the biggest moves in the premarket: TSLA, AAPL, AZN
Finance

Stocks making the biggest moves in the premarket: TSLA, AAPL, AZN

July 3, 2023No Comments2 Mins Read
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Stocks making the biggest moves in the premarket: TSLA, AAPL, AZN
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In this photo illustration, the Tesla, Inc. logo is displayed on a smartphone screen. 

Rafael Henrique | Lightrocket | Getty Images

Check out the companies making headlines in premarket trading.

Tesla — Tesla shares popped nearly 7% after the electric vehicle company posted second-quarter delivery and production numbers that topped Wall Street’s expectations. Deliveries rose 83% year over year.

Electric vehicle stocks — Electric vehicle stocks rose broadly after Tesla posted strong-than-expected production and delivery numbers for the second quarter. Rivian added 3.2%, while Fisker and Lucid gained more than 2% each.

Xpeng — U.S.-listed shares of the Chinese electric vehicle company popped about 7% after beating its delivery forecast and logging a 27% quarter-on-quarter increase following more than a year of declines. Other China-based EV stocks Nio, Li Auto rose more than 4% each on solid delivery numbers.

Apple — The iPhone maker’s stock dipped 0.4% following a report that Apple plans to scale back Vision Pro headset production. Apple shares closed above a $3 trillion market cap on Friday.

AstraZeneca — Shares of the drugmaker fell 5.7% in premarket trading after AstraZeneca announced preliminary results for a phase three trial of a lung cancer treatment. While the drug compared well to a competitor on one endpoint, the data for overall survival was “not mature” and pointed toward to the results being not statistically significant, AstraZeneca said in a press release. The trial will continue, according to the company.

United Airlines — The airline stock traded marginally higher before the bell even after the carrier bared the brunt of the flight delays occurring nationwide over the holiday weekend.

See also  Stocks moving big midday: DE, ABNB, AN, MRNA

Chinese internet stocks — Shares of China-based technology stocks gained before the bell, lifting the KraneShares CSO China Internet ETF. Alibaba, Pinduoduo and JD.com shares gained 1.9%, 3.2% and 3.1%, respectively. The gains came amid news that Treasury Secretary Janet Yellen is planning to meet with senior Chinese officials in Beijing later this week.

Energy stocks — Energy stocks gained in premarket trading, lifted by a rise in oil prices after top exporters cut supply for August. Halliburton and ConocoPhillips added about 1% each. Chevron, Devon Energy and Occidental Petroleum also moved higher.

— CNBC’s Jesse Pound contributed reporting

AAPL AZN Biggest Making Moves premarket Stocks TSLA
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