Amazon, CureVac Rise Premarket; Coinbase Global Falls By Investing.com

By Peter Nurse 

Investing.com — Stocks in focus in premarket trade on Monday, June 21th. Please refresh for updates.

• Amazon (NASDAQ:) stock rose 0.2% after the e-commerce giant started its two-day Prime Day, a sales event which generated $10.4 billion in gross merchandise sales last year.

• Raven (NASDAQ:) Industries stock rose over 48% after the manufacturer of precision agriculture products accepted an offer from CNH Industrial (NYSE:) of $2.1 billion, with the deal expected to close in the fourth quarter.

• Coinbase Global (NASDAQ:) stock fell 3% with investors leaving the cryptocurrency platform after China expanded its clampdown on mining. MicroStrategy (NASDAQ:) stock fell 7.8%, as the business analytics company is one of the largest corporate investors in bitcoin. 

• CureVac (NASDAQ:) stock rose 3.4% after the scientist leading the study into the drug maker’s Covid-19 vaccine said the reason it only proved 47% effective may be down to low dosage. 

• GameStop (NYSE:) stock rose 1.5% after the troubled video game retailer named Chief Executive Officer Matt Furlong to its board, the same day the former Amazon executive is set to take charge of the company.

• Theravance Biopharma (NASDAQ:) stock fell 6.3% after the company announced a drug it was developing to treat Covid-19-related lung injury failed to meet the standards.

• American Airlines (NASDAQ:) stock rose 0.4% after the airline announced plans to cancel around 1% of its flights in July as it struggles to cope with a sharp uptick in travel demand.

• Ziprecruiter (NYSE:) stock rose 3% after Goldman Sachs initiated coverage of the online recruitment agency at ‘buy’, saying it is well positioned to benefit from the move in recruitment online.

• Pershing Square Tontine Holdings (NYSE:) stock rose 1.3% after the SPAC controlled by Bill Ackman finalized a deal to buy a 10% stake in Universal Music from Vivendi (OTC:).