Tesla, Moderna Rise Premarket; Zoom Falls

Stocks in focus in premarket trade on Tuesday, December 1st. Please refresh for updates.

Tesla (NASDAQ:TSLA) stock rose 4.4% after S&P Dow Jones Indices said it would add the electric car maker to the benchmark S&P 500 index all at once on Dec. 21. The index provider had considered adding the massive stock in multiple phases.

Exxon (NYSE:XOM) stock rose 1.9% with the oil giant trying to put all its bad news behind it, writing down the value of natural gas properties by up to $20 billion and cutting project spending sharply next year.

Zoom Video Communications (NASDAQ:ZM) stock fell 6.7% despite reporting pretty strong earnings after the close Monday, pointing to the high expectations already baked into the stock price.

Moderna (NASDAQ:MRNA) stock rose 10%, continuing Monday’s strong gains, after the biotech filed with the European authorities for marketing authorization for its vaccine candidate.

Pfizer (NYSE:PFE) stock rose 2.3% after the pharma giant, in conjunction with German partner BioNTech, applied for EU emergency approval for its Covid-19 vaccine, which could be rolled out in Europe this month.

Boston Scientific (NYSE:BSX) stock rose 1.2% after the manufacturer of medical devices announced it was selling its BTG specialty pharma business for $800 million in cash.

Sunnova Energy (NYSE:NOVA) stock fell 1.5% after the solar company announced a stock offering of 7 million shares.
Nikola (NASDAQ:NKLA) stock fell 5.1%, continuing Monday’s sharp falls after General Motors (NYSE:GM) announced it would no longer be taking an 11% equity stake in a scaled-back deal.
Shopify (NYSE:SHOP) stock fell 0.5% despite the e-commerce company announcing its total sales rose 76% to $5.1 billion over the Black Friday-Cyber Monday period.