Stocks making the biggest moves premarket: Delta Air Lines, Moderna, Virgin Orbit and others
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Check out the companies making headlines before the bell:
Delta Air Lines (DAL) – Delta shares rose 2.2% in the premarket after the airline beat top and bottom-line estimates for the fourth quarter. Delta earned an adjusted 22 cents per share, 8 cents above estimates, and said it expected a strong spring and summer travel season.
Boeing (BA) – Boeing's 737 MAX jet could resume service in China as soon as this month, according to a Bloomberg report. Boeing added 2.6% in the premarket.
Moderna (MRNA) – Moderna expects to report data by March from its Covid-19 vaccine trials involving children aged 2 to 5 years old. If the data is supportive, the company will file for approval to vaccinate that age group. Moderna fell 1.1% in premarket action.
Virgin Orbit (VORB) – Later today, Virgin is scheduled to launch its first commercial satellite since going public. Its stock added 2.1% in the premarket after falling 5.8% in Wednesday trading.
Taiwan Semiconductor (TSM) – Taiwan Semiconductor reported record quarterly profit, with the chipmaker beating analyst forecasts while also issuing an upbeat outlook amid surging demand for semiconductors. The stock rallied 3.8% in the premarket.
KB Home (KBH) – KB Home reported quarterly earnings of $1.91 per share, 14 cents above estimates, although the home builder's revenue was slightly below analyst forecasts. KB Home also issued a positive outlook for 2022, and its stock surged 7.7% in premarket trading.
Lennar (LEN) – Lennar increased its dividend by 50%, raising its annual payout to $1.50 per share from $1.00. The home builder's next quarterly dividend of 37.5 cents per share will be paid on February 10 to shareholders of record as of January 27. The stock added 2.4% in
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