↘️ micron (MU): The stock fell 3% after rising in over-the-counter trading after the chipmaker reported better-than-expected quarterly sales.
↗️ Bank of America (BAC), PacWest (PACW)., Bank of New York Mellon (BK): Bank stocks rose after the Federal Reserve said large lenders had done well in its latest stress test.
↗️ Overstock.com (OSTK): Shares of the company, which yesterday completed its intellectual property purchase from bankrupt retailer Bed Bath and Beyond, rose 14%. During a conference call, Overstock’s CEO said the company intends to “divest” its brand and go forward to trading as Bed Bath & Beyond.
↗️ Saver Value Village (SVV): The thrift store operator’s shares soared on the first day of trading. The company late Wednesday priced its IPO at $18 per share, with the company selling nearly 19 million shares.
↗️ Blackberry (BB): Meme stock soared after the former smartphone maker posted an unexpected surge in sales in areas like cybersecurity.
↗️ Joby Aviation (JOBY): The stock rose 12%, building on a 40% surge on Wednesday after the up-and-coming air taxi maker said it had received government approval to begin flight testing.
↘️ Virgin Galactic (SPCE): The space tourism company launched its first commercial flight on Thursday. Shares were last down 10%.
↗️ Apple (AAPL): The stock edged up slightly to $190 before retracing. It would need to close at or above $190.734 for Apple to reach a $3 trillion market cap.
↗️ Coinbase (COIN): The stock surged more than 4% after the US’s largest crypto exchange announced it would ask a court to dismiss the SEC lawsuit alleging it failed to properly register its business.
↗️ H&M (HM.B): The Stockholm-listed stock rose nearly 20% after the fashion retailer reported better-than-expected quarterly earnings.
↗️ Renault (RNO.P), Stellantis (STLAM): European automaker shares rose after Renault raised its earnings and cash flow expectations.
🔎 Nike (NKE) should report after the market close.