By Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Monday, June 21th. Please refresh for updates.
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Amazon (NASDAQ:AMZN) stock rose 0.2% after the e-commerce giant started its two-day Prime Day, a sales event which generated $10.4 billion in gross merchandise sales last year.
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Raven (NASDAQ:RAVN) Industries stock rose over 48% after the manufacturer of precision agriculture products accepted an offer from CNH Industrial (NYSE:CNHI) of $2.1 billion, with the deal expected to close in the fourth quarter.
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Coinbase Global (NASDAQ:COIN) stock fell 3% with investors leaving the cryptocurrency platform after China expanded its clampdown on Bitcoin mining. MicroStrategy (NASDAQ:MSTR) stock fell 7.8%, as the business analytics company is one of the largest corporate investors in bitcoin.
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CureVac (NASDAQ:CVAC) stock rose 3.4% after the scientist leading the study into the drug maker’s Covid-19 vaccine said the reason it only proved 47% effective may be down to low dosage.
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GameStop (NYSE:GME) stock rose 1.5% after the troubled video game retailer named Chief Executive Officer Matt Furlong to its board, the same day the former Amazon executive is set to take charge of the company.
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Theravance Biopharma (NASDAQ:TBPH) stock fell 6.3% after the company announced a drug it was developing to treat Covid-19-related lung injury failed to meet the standards.
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American Airlines (NASDAQ:AAL) stock rose 0.4% after the airline announced plans to cancel around 1% of its flights in July as it struggles to cope with a sharp uptick in travel demand.
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Ziprecruiter (NYSE:ZIP) stock rose 3% after Goldman Sachs initiated coverage of the online recruitment agency at ‘buy’, saying it is well positioned to benefit from the move in recruitment online.
- Pershing Square (NYSE:SQ) Tontine Holdings (NYSE:PSTH) stock rose 1.3% after the SPAC controlled by Bill Ackman finalized a deal to buy a 10% stake in Universal Music from Vivendi (OTC:VIVHY).