Stocks Making the Greatest Movements Premarket 01/13

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Last Updated on January 14, 2023 by Bitfinsider

Virgin Galactic Holdings — The space tourism business jumped nearly 16% after announcing a commercial launch date in the second quarter of 2023.

Wells Fargo & Company — The bank fell nearly 4% after announcing lower earnings, which were weighed down by a recent settlement and the need to raise reserves.

Delta Air Lines (DAL) — Before the bell, the airline posted fourth-quarter earnings and sales that exceeded estimates. Its adjusted earnings per share were $1.48, compared to a Refinitiv forecast of $1.33. Delta fell 4.5% in pre-market trade.

Tesla — The electric-vehicle company fell almost 6% in premarket trading after Guggenheim downgraded it to sell from neutral due to concerns over Tesla’s fourth-quarter expectations. According to postings on the company’s website Thursday night, Tesla likewise reduced pricing in the United States and Europe. In 2022, the stock fell by 65%.

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