Third quarter earnings season is winding down, but there is still plenty of trading news to get your teeth into at the start of another week of stock market action.
In general news, US stock futures were flying high on Monday. Meanwhile, oil prices had dipped on reports that the Biden administration is likely to offer access to strategic reserves. Below is some of the hottest equities news:
Electric car manufacturer Tesla (NASDAQ:TSLA) found itself in the news once again. The company’s stock price fell by almost 3% on Friday and was down in pre-market trading today. The dip comes after founder Elon Musk sold $6.9bn worth of stock last week.
Gores Guggenheim Inc (NASDAQ:GGPI) was on the rise after Polestar, which the special purpose acquisition company announced a reverse merger with in September, said it would go public with an enterprise value of $20bn.
Altamira Therapeutics (NASDAQ:CYTO) shares rocketed on Friday. This followed positive testing results for the company’s new nasal spray, which may be effective against COVID.
Riot Blockchain (NASDAQ:RIOT) saw its share price jump by over 11% on Friday and was up in pre-market trading. This comes after major cryptos Bitcoin and Ethereum, which the fate of the business is closely tied to, traded strongly over the weekend.
Boeing (NYSE:BA) shares were in the green ahead of the market’s open. The boost comes after the aerospace company said it was close to restarting deliveries of its 787 Dreamliner and the 737 Max.
Astra Space (NASDAQ:ASTR) shares were in the green after the rocket specialists reported better-than-expected earnings at the tail end of last week, with a smaller loss than analysts had predicted.
Unity Technologies (NYSE:U) looks set to climb after it beat analysts’ expectations with its third quarter results. The San Francisco-based video game software developers also announced the acquisition of Weta Digital, a digital effects studio made famous by its work on movies such as The Lord of the Rings trilogy and Avatar.
