Tesla up following reports of accelerating Model Y delivery times in U.S., success of Musk's SpaceX
Check out this morning's top movers from around Wall Street, compiled by The Fly.
Tesla (TSLA) up 2% after Electrek reported the company is accelerating its delivery timeline for the Model Y to 4-8 weeks in the U.S. from 8-12 weeks. Also, the stock could be reacting positively to success at another Elon Musk company, privately-held SpaceX.
Eli Lilly (LLY) up 2% after announcing patients have been dosed in the first study of a potential antibody treatment designed to fight COVID-19
Delta Air Lines (DAL) up 1% after Reuters reported the airline and its pilots union are attempting to avoid furloughs of 2,327 pilots following a reshuffling process
Zynga (ZNGA) up 1% after entering into a definitive agreement to acquire Peak for $1.8B
Coty (COTY) up 8% after
announcing KKR (KKR) is making a $1B investment into the company via convertible preferred shares
DOWN AFTER EARNINGS -
Embraer (ERJ) down 1%
ALSO LOWER -
Target (TGT) down 2% after announcing it will be temporarily closing or shortening hours at 200 stores following looting after the killing of George Floyd
Pfizer (PFE) down 6% after announcing its PALLAS trial is unlikely to show a statistically significant improvement in the primary endpoint of invasive disease-free survival
Evolent Health (EVH) down 21% after announcing that its partner, Passport Health Plan, received notification from the Kentucky Cabinet for Health and Family Services that it has not been awarded a Kentucky Managed Care Organization contract for the next contract period
Abbott (ABT) down 2% after Goldman Sachs analyst Amit Hazan downgraded shares to Sell from Neutral with a price target of $84, up from $79
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