Advertisement
UK markets closed

  • FTSE 100

    7,895.85
    +18.80 (+0.24%)
     

  • FTSE 250

    19,391.30
    -59.37 (-0.31%)
     

  • AIM

    745.67
    +0.38 (+0.05%)
     

  • GBP/EUR

    1.1631
    -0.0052 (-0.44%)
     

  • GBP/USD

    1.2384
    -0.0055 (-0.44%)
     

  • Bitcoin GBP

    51,529.54
    -52.93 (-0.10%)
     

  • CMC Crypto 200

    1,380.45
    +67.83 (+5.18%)
     

  • S&P 500

    4,969.10
    -42.02 (-0.84%)
     

  • DOW

    37,847.37
    +71.99 (+0.19%)
     

  • CRUDE OIL

    83.01
    +0.28 (+0.34%)
     

  • GOLD FUTURES

    2,405.10
    +7.10 (+0.30%)
     

  • NIKKEI 225

    37,068.35
    -1,011.35 (-2.66%)
     

  • HANG SENG

    16,224.14
    -161.73 (-0.99%)
     

  • DAX

    17,737.36
    -100.04 (-0.56%)
     

  • CAC 40

    8,022.41
    -0.85 (-0.01%)
     
Property:

11 beautiful homes with glorious garden rooms

Investing in a home with a garden room will enable you to enjoy your outside space whatever the weather

Stocks moving in after-hours: Nikola, Canoo, Virgin Orbit, Rumble

Ines Ferré
·Senior Business Reporter
Updated ·2-min read

Here are some of today's after-hours movers:

Virgin Orbit (VORB)

Virgin Orbit’s stock tanked 47% post market after the satellite company told employees it would cease to operate “for the foreseeable future” as the satellite launch company was unable to secure funding, according to CNBC.

The report cited CEO Dan Hart, who broke the news at an all-hands meeting on Thursday. Virgin Orbit will cut about 90% of its workforce.

Earlier this month, the company had furloughed employees, as it sought a funding lifeline.

Nikola (NKLA)

Nikola announced a $100 million common stock offering at at a price of $1.12 per share. The battery- and hydrogen-powered electric truck maker's stock sank as much as 18% on the news in after-hours. Nikola said it intends to use the net proceeds from the public offering for working capital and other general corporate purposes. Shares are down about 35% year-to-date.

A member of the media stands behind a hydrogen-powered Artic truck at the booth of U.S. truckmaker Nikola at the IAA Transportation fair, which will open its doors to the public on September 20, 2022, in Hanover, Germany, September 19, 2022. REUTERS/Fabian Bimmer
A member of the media stands behind a hydrogen-powered Artic truck at the booth of U.S. truckmaker Nikola at the IAA Transportation fair, which will open its doors to the public on September 20, 2022, in Hanover, Germany, September 19, 2022. REUTERS/Fabian Bimmer (Fabian Bimmer / reuters)

Nikola recently announced a partnership to expand the use of electric Class 8 heavy truck fleets. The company recently said its CFO would retire starting next week.

Canoo (GOEV)

Canoo announced its quarterly results and settled its case with the Securities and Exchange Commission over its SPAC merger. The SEC investigation into company statements about the clean energy auto startup's business had been going on since 2021.

ADVERTISEMENT

Canoo narrowed its quarterly loss per share to 25 cents and said it looks to scale production in 2023.

It’s been a rough ride for the EV space, as cash-burning companies have taken a beating. Canon’s stock is down 82% over the last year. The stock is relatively flat year-to-date, as tech and high growth names have rallied.

Rumble (RUM)

Rumble’s stock spiked as much as 27% after the video sharing platform's global monthly active users grew for the fourth quarter. The company posted revenue of $20 million, way above analyst estimates of $10.2 million.

Year-to-date the stock is up 56%.

Ines is a senior business reporter for Yahoo Finance. Follow her on Twitter at @ines_ferre

Click here for the latest stock market news and in-depth analysis, including events that move stocks

Read the latest financial and business news from Yahoo Finance