Tesla, Red Rock Resorts, Fitbit and more

spike

CEO of Tesla Motors Elon Musk reacts following the company’s initial public offering at the NASDAQ market in New York June 29, 2010

Brendan McDermid | Reuters

Check out the companies making headlines after the bell:

Tesla – The automaker’s stock rose 1% in extended trading. Tesla’s shares jumped 13.5% and hit a new high earlier Monday on JMP Securities’ projection that the company will generate $100 billion in annual revenue by 2025.

Red Rock Resorts – Red Rock Resorts dropped more than 1% in extended trading. The company said Saturday that Red Rock Resorts President Richard Haskins died in a July 4 watercraft accident and that it will release a succession plan in the coming days. The drop also follows a trend of U.S. casino stocks declining over investor concerns that property closings will continue in the coming weeks because of the coronavirus pandemic.

Inovio Pharmaceuticals – Shares of Inovio fell 1% after the market closed. The pharmaceutical company’s stock has trended downward since last week when it announced positive results for its coronavirus vaccine clinical trial. Following the release, medical news site Stat said the company did not provide critical data required to evaluate its value.

Fitbit – Fitbit’s stock whipsawed in extended trading. Regulators in the European Union are reviewing Google’s $2.1 billion acquisition of Fitbit, with continuing concerns over how Google could use Fitbit users’ personal data and dominate the market.

Source Article

Next Post

Fauci says average age of patients has dropped by 15 years as Sun Belt states gets hit

The average age of new coronavirus patients has dropped by roughly 15 years compared with only a few months ago as the virus reignites in America’s Sun Belt, White House health advisor Dr. Anthony Fauci said Monday. Fauci, director of the National Institutes of Allergy and Infectious Diseases, said during a […]