These stocks were poised to make moves on Monday:
Drone maker companies kept rally with Ondas Holdings soaring over 21% and Palladyne AI jumping over 23%.
The broader drone and autonomous driving industry appears poised for growth as the technology continues advancing. Companies like PDYN that are at the forefront of innovation in this space could potentially see further upside as adoption accelerates.
Boeing shares tumbled 4.6% as jet crash disaster in South Korea marks another setback for Boeing. The cause of the crash remains under investigation, and aviation experts were quick to distinguish Sunday’s incident from the company’s earlier safety problems.
Alan Price, a former chief pilot at Delta Air Lines who is now a consultant, said it would be inappropriate to link the incident Sunday to two fatal crashes involving Boeing’s troubled 737 Max jetliner in 2018 and 2019. In January this year, a door plug blew off a 737 Max while it was in flight, raising more questions about the plane.
Tesla shares slipped 1.6% ahead of Q4 deliveries report. Wall Street predicts the deliveries number, which is expected to be released on Thursday, to come in around 510,000 units, which would represent 10% growth from the prior quarter and a 5% improvement from a year earlier.
Faraday Future soars 29% in premarket after surging over 30% on Friday. Faraday Future has secured approximately $30 million in financing, consisting of $22.5 million in cash and $7.5 million converted from previous loans. This funding will support the company’s growth, particularly the development of its Faraday X (FX) strategy, which focuses on launching affordable, high-performance AIEVs in the U.S. market.
VeriSign shares rose 5% in premarket trading. Warren Buffett's Berkshire Hathaway is buying up shares of internet domain services provider VeriSign. A Form 4 filing with the Securities and Exchange Commission on Thursday revealed Berkshire Hathaway's latest acquisition of 143,424 shares in the three trading sessions that ended December 24. It has purchased a total of 377,736 shares for about $74 million in the six trading sessions that ended on the same date, according to regulatory filings.
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