Boeing Rises on Navy Deal, Moderna Slides, Micron Awaits Earnings
By EC Assets · Published
Boeing shares advanced in premarket trading following a new U.S. Navy contract. Moderna stock moved lower, while Micron Technology prepared for an earnings report. These companies appeared among premarket movers. Shares in Boeing rose close to 3% in premarket trading on Wednesday. This increase occurred after the U.S. Navy selected the company to develop its next-generation fighter jet. Boeing was at risk of losing all fighter-jet production altogether. The new Navy contract contributed to the stock's rise. Moderna shares are expected to fall. Citi analysts told investors it is time to sell Moderna. Revenue and profit forecasts fail to justify the hype baked into Moderna's share price, 's analysts. Moderna stocks were also mentioned as likely to open higher on Friday. Social buzz from Wallstreetbets stocks showed Moderna to fall pre-bell on Thursday. Micron Technology's earnings hit Wall Street after the bell. Traders positioned into the report. This article is intended for informational purposes only. It does not constitute investment advice.
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