ReElement Technologies stock soars after securing $1.4B government deal
Investing.com -- U.S. stock futures slipped slightly lower Tuesday, as investors digested a looming government slowdown as well key employment data.
Here are some of the biggest premarket U.S. stock movers today:
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Nike (NYSE:NKE) stock slipped 0.1% ahead of the release of its quarterly report after the closing bell, with investors on the lookout for any progress in the athletic apparel group’s ongoing turnaround effort under new CEO Elliott Hill.
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Vail Resorts (NYSE:MTN) stock fell 2.2% after the ski resorts operator posted a larger quarterly loss than expected, while the company’s revenue also missed consensus expectations.
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Firefly Aerospace (NASDAQ:FLY) stock slumped 10% after one of the aerospace company’s rocket boosters exploded at its Texas facility during preflight testing.
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Wolfspeed (NYSE:WOLF) stock rose 21% after the chipmaker announced the successful completion of its financial restructuring process and emergence from Chapter 11 protection.
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Spotify Technology (NYSE:SPOT) stock gained 3.4% after the music streaming giant announced that founder Daniel Ek will transition from Chief Executive Officer to Executive Chairman effective the start of next year.
- Exxon Mobil (NYSE:XOM) stock fell 0.9% after Bloomberg reported that the U.S. energy major will lay off 2,000 workers globally as part of a long-term restructuring plan.
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Semtech (NASDAQ:SMTC) stock rose 4.9% after Oppenheimer upgraded its rating on the semiconductor firm to “outperform” from “market perform”, saying its active copper cable offerings can win market share among hyperscalers and drive sales growth.
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Jefferies Financial Group (NYSE:JEF) stock slipped 0.1% despite the lender beating third-quarter profit estimates, as a rebound in dealmaking pushed advisory fees to a record.
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EchoStar (NASDAQ:SATS) stock soared 7.3% after Bloomberg reported that Verizon Communications is in discussions with the company about purchasing some of its wireless spectrum.