Stocks Making the Greatest Movements Premarket 01/10

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Last Updated on January 10, 2023 by Bitfinsider

Frontline – The shipping stock jumped more than 24% in premarket trade following Frontline’s announcement that it will end its merger with Euronav. Both firms, according to Frontline CEO Lars Barstad, “already enjoy economies of scale.”

CureVac — Shares of CureVac increased by 19% after the firm announced plans for additional patient studies of its mRNA vaccines for Covid-19 and influenza. The business also announced that Alexander Zehnder, a former employee of Sanofi, will become CEO in April.

Boeing – The aerospace giant sank more than 2 percent after Morgan Stanley downgraded Boeing from overweight to equal weight, citing a lack of upside potential from present levels. Morgan Stanley stated in a note that the majority of the stock’s near- and medium-term positive catalysts have been achieved, resulting in a risk-reward balance.

Coinbase – Coinbase shares last traded flat after jumping modestly in premarket trading on rumors that the company wants to reduce its personnel by 20%. After entering expansion mode during the bull market, the firm is implementing its second significant round of cost reductions.

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