Get Premium Data for Cyber Monday: Up to 55% Off InvestingProCLAIM SALE

Rivian, Spotify, CAVA Group rise premarket; Spirit Airlines slumps

Published 2024-11-13, 06:48 a/m
© Reuters
SAVEQ
-
SWKS
-
SPOT
-
RIVN
-

Investing.com -- US stock futures edged lower Wednesday, ahead of the release of key inflation data.

Here are some of the biggest premarket US stock movers today:

  • Rivian Automotive (NASDAQ:RIVN) stock surged over 12% after the electric vehicle maker and Volkswagenannounced an increased investment by the German automaker in a joint venture.

  • Spotify Technology (NYSE:SPOT) stock rose 7.5% after it clocked strong subscriber growth for the September quarter while issuing a solid forecast for the year.

  • CAVA Group (NYSE:CAVA) stock soared 14% after the Mediterranean fast-casual restaurant chain popped 14% after reporting a top- and bottom-line beat in the third quarter.

  • Skyworks Solutions (NASDAQ:SWKS) stock fell 6.4% after the semiconductor company's forward guidance for the first quarter came in lighter than expectations.

  • Tesla (NASDAQ:TSLA) stock rose 2.6%, bouncing after the previous session’s sharp losses, even as the U.S. National Highway Traffic Safety Administration said the EV manufacturer is recalling 2,431 vehicles in the U.S. as loss of drive power can increase the risk of a crash, the sixth recall this year.

  • General Motors (NYSE:GM) stock fell 0.3% after the NHTSA said the auto giant will recall 461,839 vehicles over an issue with transmission.

  • Rocket Lab USA (NASDAQ:RKLB) stock soared 30% after the space infrastructure firm reported its third-quarter earnings and announced news of the first customer for its upcoming Neutron rocket.

  • Spirit Airlines (NYSE:SAVE) stock slumped 65% after the Wall Street Journal reported the troubled carrier was in final negotiations with bondholders on a restructuring plan to secure the support of key creditors.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.