Stocks Moving Higher In Friday's Pre-Market Session | June 16, 2023

Today’s pre-market session, U.S. stock futures exhibited a slight upward trend, with several prominent stocks marking substantial gains. Virgin Galactic Holdings, Inc. (NYSE:SPCE) saw a significant rise in shares of 38.7% following the announcement of its inaugural commercial spaceflight. Nikola Corporation (NASDAQ:NKLA) and iRobot Corporation (NASDAQ:IRBT) also made noteworthy gains, with share prices increasing by 24.3% and 21.7% respectively, the former spurred by a shareholder decision, and the latter by a regulatory approval from the UK's Competition and Markets Authority.

Moreover, other companies also showed an upward momentum. Eneti Inc. (NYSE:NETI) and MorphoSys AG (NASDAQ:MOR) saw their shares increase by 12.6% and 10% respectively, with the former announcing a business combination agreement and the latter benefiting from an upgrade by JP Morgan. Meanwhile, Coherent Corp. (NYSE:COHR), Canoo Inc. (NASDAQ:GOEV), Akoya Biosciences, Inc. (NASDAQ:AKYA), Squarespace, Inc. (NYSE:SQSP), and Adobe Inc. (NASDAQ:ADBE) also posted gains, with Squarespace buoyed by an agreement to acquire Google Domains from Alphabet Inc., and Adobe encouraged by a strong Q2 performance. #SPCE #NKLA #IRBT #NETI #MOR #COHR #GOEV #AKYA #SQSP #ADBE #MarketUpdate