Stocks making the biggest moves premarket: 3M, CrowdStrike, Xpeng and more
Chinese electric vehicle company Xpeng's U.S.-traded shares rose 5% premarket after announcing its acquisition of Didi's smart electric car business for $744 million.
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Posted 8/28/2023, 11:56:39 AM
cnbc.com
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Shares of Autodesk are rising in premarket trading following a positive fiscal second-quarter earnings report, with analysts expressing optimism for the company's future digitalization momentum.
AMC Entertainment Holdings Inc. saw a 2% rise in premarket trades amidst its reverse stock split and conversion of AMC Preferred Equity unit stock.
Chinese electric car company Xpeng will acquire Didi's smart electric vehicle unit in a strategic partnership, with Xpeng's shares surging 16%, and plans to launch a new A-class model under the brand MONA to expand in the mass-market segment.
Stock futures inched higher during Monday's premarket action as investors turn to the final week of August, with Horizon Therapeutics, VinFast, and Xpeng being the biggest stock gainers in premarket trading.
XPeng stock surges as investors respond positively to the company's plan to acquire DiDi's smart vehicle unit.
Shares of Chinese automaker BYD listed in China surged over 5% following a significant jump in first-half profit, driven by record deliveries and growth in the new energy vehicle business, with revenue increasing by 72.72% compared to the same period last year.
China's top EV maker, BYD, saw a 145% surge in profits in Q2, driven by record deliveries, despite the ongoing EV price war in China.
Chinese electric vehicle maker Xpeng plans to expand into more European markets, including Germany, Britain, and France in 2024, following its successful entry into the Netherlands and Norway.
Chinese car makers BYD and XPeng saw their stock prices rise ahead of a major auto show where they will compete with Tesla, which is making its first appearance at the event in Munich.