Finance

Stocks making the biggest moves premarket: AST SpaceMobile, Joby, Trilogy Metals, Rocket Lab

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Check out the companies making headlines in premarket trading: Joby Aviation — Shares of the electric air taxi maker plunged 11% after the company announced the pricing of a previously announced stock offering. Joby will sell 30,500,000 common shares for $16.85 each, translating to gross proceeds of around $513.9 million. AST SpaceMobile — Shares surged 11% after the company announced a deal with Verizon to provide its customers with cell service from space starting in 2026. Verizon shares added 0.7%. Trilogy Metals — U.S.-listed shares of the Canadian minerals explorer jumped 8%, a day after surging more than 200% on news that the White House would take a 10% stake in the company. Rocket Lab — The stock rose nearly 6% after the aerospace manufacturer secured a contract for three additional rocket launches. USA Rare Earth — Shares of the critical mineral miner rose more than 4%, as investors speculate the company could strike a deal with the Trump administration. USA Rare Earth CEO Barbara Humpton told CNBC last week that the company is in close communication with the White House. The Trump administration took a 10% stake in miner Trilogy Metals on Monday, the latest such deal. The Metals Company — The seabed mining company’s stock fell 3% after soaring Tuesday on speculation the company might reach a deal with the Trump administration. Ionis Pharmaceuticals — The pharma stock popped 2.5% on the heels of JPMorgan’s upgrade to overweight from neutral. JPMorgan said the company had an “active” September and gave “encouraging” updates at its innovation event. Figma — Shares rose 2% after OpenAI announced it would integrate the design software vendor’s technology into ChatGPT. SoFi Technologies — The fintech stock rose more than 1%, putting it on track to add to its 6.8% rally from the day before. SoFi got a boost after Politico reported, citing sources, that the Trump administration was considering selling $1.6 trillion in federal student loans to the private sector. Equifax — The credit bureau rose more than 2% after it announced changes to its credit score offerings. Among them, it said its VantageScore 4.0 mortgage credit scores will be priced at $4.50 for two years, less than half of FICO’s. This comes after Fair Isaac unveiled a new pricing model that lets mortgage lenders bypass the credit bureaus. Nvidia — Shares rose nearly 1% following reports that the chipmaker was tapped for xAI’s $20 billion raise. — CNBC’s Fred Imbert, Spencer Kimball, Lisa Han and Alex Harring contributed reporting.

This article was originally published by a Cnbc.com. Read the Original article here. .

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