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Rivian Falls Premarket; Tesla and Uber Rise

Stock Markets6 hours ago (Nov 22, 2021 07:52AM ET)

(C) Reuters.

By Peter Nurse — Stocks in focus in premarket trade on Monday, November 22nd. Please refresh for updates.

Rivian Automotive (NASDAQ:RIVN) stock fell 4.3% after the electric car manufacturer abandoned plans to jointly develop an electric vehicle with auto giant Ford (NYSE:F) were ended. Ford stock was down 0.6%.

Tesla (NASDAQ:TSLA) stock rose 2.2% after CEO Elon Musk said in a tweet that its Model S Plaid will “probably” be coming to the important China market around March. The news overshadowed an embarrassing glitch with the car’s smartphone app that left some Tesla drivers locked out of their cars on Friday evening.

Uber (NYSE:UBER) stock rose 1.2% after the ride hailing and food delivery company partnered with cannabis retailer Tokyo Smoke to allow online cannabis orders in Ontario, Canada, its first foray into the business.

Activision Blizzard (NASDAQ:ATVI) stock fell 1.3% following a WSJ report stating the video game publisher’s CEO, Bobby Kotick, would consider leaving if he cannot quickly fix ongoing issues surrounding misconduct at the company.

Vonage (NASDAQ:VG) stock soared 25% after Ericsson (BS:ERICAs) offered to buy the Cloud-communications provider for $6.2 billion to expand its wireless enterprise business.

KKR (NYSE:KKR) stock fell 0.4% after the private equity giant launched a 10.8 billion euro ($12 billion) buyout bid for Telecom Italia (MI:TLIT), Italy’s largest phone company.

Pfizer (NYSE:PFE) stock rose 0.8% after the drugmaker said its Covid-19 vaccine provided strong long-term protection against the virus in a late-stage study conducted among adolescents aged 12 to 15 years.

Astra Space (NASDAQ:ASTR) stock surged 35% after the rocket builder sent a rocket into orbit for the first time over the weekend.

Rivian Falls Premarket; Tesla and Uber Rise

GM Acquires Stake in All-Electric Boating Business Pure Watercraft
By – Nov 22, 2021

By Sam Boughedda — General Motors Company (NYSE:GM) shares soared Monday after it said it would take a 25% stake in Pure Watercraft, a Seattle-based all-electric…

Experimental chewing gum may reduce virus spread; Booster shot protection may be longer lasting
By Reuters – Nov 22, 2021

By Nancy Lapid (Reuters) – The following is a summary of some recent studies on COVID-19. They include research that warrants further study to corroborate the findings and that…

European shares end flat as warnings of tighter curbs cloud M&A cheer
By Reuters – Nov 22, 2021

By Anisha Sircar and Shreyashi Sanyal (Reuters) – European shares ended flat on Monday as Germany’s warning of tighter lockdown restrictions overshadowed gains in Telecom Italia …

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