Tesla, Red Rock Resorts, Fitbit and more
CEO of Tesla Motors Elon Musk reacts subsequent the firm’s preliminary general public supplying at the NASDAQ market in New York June 29, 2010
Brendan McDermid | Reuters
Check out the firms producing headlines soon after the bell:
Tesla – The automaker’s inventory rose 1% in prolonged investing. Tesla’s shares jumped 13.5% and strike a new high previously Monday on JMP Securities’ projection that the company will generate $100 billion in annual revenue by 2025.
Pink Rock Resorts – Red Rock Resorts dropped more than 1% in prolonged buying and selling. The business said Saturday that Pink Rock Resorts President Richard Haskins died in a July 4 watercraft incident and that it will release a succession program in the coming days. The fall also follows a development of U.S. casino shares declining about trader considerations that property closings will carry on in the coming months for the reason that of the coronavirus pandemic.
Inovio Pharmaceuticals – Shares of Inovio fell 1% after the industry closed. The pharmaceutical company’s inventory has trended downward because previous week when it announced constructive final results for its coronavirus vaccine clinical demo. Next the launch, health care information site Stat mentioned the enterprise did not present significant data required to appraise its benefit.
Fitbit – Fitbit’s stock whipsawed in prolonged trading. Regulators in the European Union are examining Google’s $2.1 billion acquisition of Fitbit, with continuing problems in excess of how Google could use Fitbit users’ particular knowledge and dominate the industry.