The stocks making the biggest moves in premarket trading include Oracle, Southwest, United, Tesla, Amazon, and more.
– Apple diversity chief Christie Smith has left the company, according to people familiar with the matter who spoke to Bloomberg. The move comes amid Apple's launch of a $100 million Racial Equity and Justice Initiative. Smith had joined Apple in 2017 after 16 years at consulting firm Deloitte. – Amazon was rated "buy" in new coverage at Needham, with the firm saying that Amazon's media business is worth $500 billion due to "hidden value.
The numbers were down from a year ago due to the delay in this year's federal tax filing deadline. – DraftKings announced a 33 million share offering, after the online gambling company's stock more than doubled since its April debut. The company itself will sell and receive proceeds from 14 million shares, while current investors will sell the rest. – Cowen initiated coverage of the stock with an "outperform" rating, saying Nikola is more than just an electric truck maker.
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