Shares in ViaSat Inc. (VSAT) surged 17% in premarket trading after the high-speed broadband provider confirmed that it would continue operations despite a satellite malfunction in July.
Dollar General Corp. saw a 7% increase in shares (DG) as Todd Vasos returned as the company’s chief executive, coming out of retirement less than a year ago.
Wells Fargo & Co. reported better-than-expected third-quarter earnings, leading to a rise of 1.6% in their stock value (WFC).
Shares in UnitedHealth Group Inc. rose by 1% (UNH) as the healthcare-services and insurance giant reported strong results and increased their full-year guidance.
Shares of Cassava Sciences Inc. took a major hit, plunging 29% (SAVA), following an investigation published in the journal Science. The investigation accused a collaborator associated with the company of “longstanding and egregious misconduct.”
JD.com Inc. experienced a 4% drop in shares (JD) after analysts at Citigroup and Jefferies reduced revenue expectations and price targets for the Chinese e-commerce giant. They anticipate that the company’s upcoming earnings report in mid-November will reflect consumer struggles.