These are the stocks posting the largest moves in premarket trading.
Check out the companies making headlines in premarket trading. Tesla — Shares jumped 7% after CEO Elon Musk said his $56 billion pay package and a resolution to move the company's incorporation to Texas were both set to pass a shareholder vote. The former garnered criticism heading into the vote, with notable shareholders publicly sharing their intentions to vote against the compensation plan.
The Tommy Bahama parent posted adjusted earnings of $2.66 per share on $398.2 million in revenue. Analysts polled by FactSet had penciled in a profit of $2.68 per share and $404.8 million in revenue. Guidance for the current quarter and full year was also softer than Wall Street anticipated. Virgin Galactic — The space tourism company slipped 8.5% after its board of directors approved a 1-for-20 reverse stock split. The stock is trading below $1.
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