Tesla and General Motors were both on the rise in premarket trading, with respective gains of 5.7% and 5%. This follows the announcement from General Motors that it will be utilizing Tesla's electric vehicle charging network and will utilize Tesla's North American Charging Standard port in vehicles beginning in 2025.
Morgan Stanley recently indicated that shares of materials provider Corning could rise up to 20% due to an improved earnings outlook. The stock was trading up 3.2% on the news.
E-signature company DocuSign beat analyst estimates for the quarter ending April 30, offered optimistic guidance, and announced new services and c-suite hires; the stock was up 5% premarket.
Software firm Adobe's stock was climbing more than 3% following an upgrade from Wells Fargo to 'overweight' on Friday.
Retail giant Target saw 1.3% dip in premarket trading after feeling the effects of a downgrade from Citi due to concerns that sales had peaked.
Electric vehicle company Nio experienced a 2% premarket loss after reporting a 0.2% decrease in sales year-over-year, as well as a net loss and margin declines.
Sonoma Pharmaceuticals stock skyrocketed 33% amidst the news of a new application for its intraoperative pulse lavage irrigation treatment, designed for replacing IV bags in some surgical procedures. It will become available in Europe in 2021 and the U.S. in 2024.
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