Shares in POSCO, Ryanair, Lumen, Tesla, and Kodiak Sciences were all active in pre-market trading
POSCO Holdings Inc. PKX, +3.47% shares surged 18% after South Korea reintroduced a ban on short selling in a bid to level the playing field between retail and institutional investors.
Shares in Ryanair Holdings PLC RYAAY, +0.87% jumped 10% after the low-cost airline said it would pay its first ever dividend following record results this summer that saw its profits surge 59%. Lumen Technologies Inc.‘s stock LUMN, +5.66% rose 5% after a Securities and Exchange Commission filing showed Chief Executive Kate Johnson scooped up nearly $1 million in stock in the wake of a historic one-day selloff for the telecommunications company
Tesla Inc. TSLA, +0.66% shares jumped 3% following Elon Musk’s reported announcement to staff that the automobile manufacturer will make its new low-cost in a plant near Berlin.Shares in Kodiak Sciences Inc. KOD, +11.85% dipped 7% after the biotech company outlined plans to launch an additional pivotal study looking at the effectiveness of its tarcocimab tedromer drug following talks with US regulators.
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