BDTX - Biggest stock movers today: BlackBerry CorMedix and more

2023-06-29 06:09:43 ET

• Stock index futures were little changed Thursday after some hawkish central bank comments the previous day and as the banking sector rose after passing the Federal Reserve’s annual stress test.

• All 23 banks met minimum capital requirements under a hypothetical recession in the Federal Reserve's 2023 bank stress tests and would still be able to lend in a severe recession, the U.S.'s central bank said Wednesday.

• Here are some of Thursday's biggest gainers and losers:

• Biggest stock gainers

• The shares of BlackBerry ( NYSE: BB ) jumped 15% in premarket trading following a fiscal first-quarter earnings report where it posted revenue that more than doubled year-over-year and sharply narrowed its operating loss. In the earnings report, BlackBerry said it will discuss its outlook in connection with the quarterly earnings announcement on its earnings conference call.

• eVTOL industry players are on the move after Joby Aviation ( NYSE: JOBY ) landed an FAA certificate for its first production prototype . JOBY is up 14% in early trade, while Archer Aviation ( NYSE: ACHR ) is about 9% higher. Lilium is also continuing its big run for the fourth day in a row, climbing 18% premarket, after receiving an FAA certification on Monday.

• Biggest stock losers

• Shares of CorMedix ( NASDAQ: CRMD ) plunged about 21% in premarket trading after the company priced its 7.5 million shares of common stock at $4.00 per share and pre-funded warrants to purchase 2.5M shares of its common stock at a price of $3.999 per pre-funded warrant, for total gross proceeds of $40 million.

• Black Diamond Therapeutics ( NASDAQ: BDTX ) stock plunged nearly 10% in premarket trading as the firm plans to raise $75 million in capital via a stock offering .

• More on the markets

• More policy tightening coming from ECB, Fed, BOE, central bank heads say

• All 23 banks pass Federal Reserve's stress test on capital levels

• Citi screens for most crowded short stocks with new model

• Tech is the strongest S&P segment in 2023, see the top 10 performing stocks in the sector

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