Dow, S&P 500, Nasdaq futures drop following US strikes in Hormuz

🚀 Redwire stock spikes as SpaceX trade hits early test

Redwire shares slipped in premarket trading Thursday after closing Wednesday at $24.00, up 8.9%, as traders pulled back some gains following a rapid rally in space-related stocks.

Early trading showed shares between $23.24 and $23.27, though the stock remained near recent highs.

The latest move in Redwire shares has not been tied to any new company announcement.

Instead, investor focus has shifted toward broader momentum in the space sector as expectations build around a potential SpaceX IPO.

According to Redwire’s investor page, the company’s most recent announcement remains its May 20 Army contract win. TechStock² reports.


🏥 Why Phreesia shares are trading higher by 19%

Shares of Phreesia rose sharply in pre-market trading after the company reported better-than-expected first-quarter sales results.

Phreesia reported quarterly earnings of 5 cents per share, matching the analyst consensus estimate.

The company posted quarterly revenue of $130.935 million, slightly above analyst expectations of $130.128 million.

Phreesia shares jumped 19.3% to $10.89 in pre-market trading. Benzinga reports.


🔋 Plug Power shares jump, cash burn still a concern

Plug Power is trading just below its 52-week high as Thursday’s session begins, following a sharp, high-volume rally.

Investors are closely watching whether the company can sustain its recent margin improvements.

Shares closed Wednesday at $4.14, up 7.81%, while premarket trading showed the stock near $4.12, according to StockAnalysis data.

Markets are operating on a normal schedule Thursday, with no U.S. market holiday in effect. TechStock² reports.


🚁 Red Cat shares rise pre-market after analyst moves

Red Cat Holdings shares traded higher in early U.S. trading Thursday, building on the stock’s 9.21% gain from the previous session.

The move followed H.C. Wainwright initiating coverage of the defense drone company with a Buy rating and a $20 price target.

A price target represents an analyst’s estimate of where a stock could trade over a specific time period, typically 12 months.

Red Cat shares closed Wednesday at $10.67 after trading between $9.85 and $10.83 during the session, with nearly 17 million shares changing hands.

In early pre-market trading, the stock was quoted at $12.14 ahead of the Nasdaq opening bell. TechStock² reports.


☁️ AI fund lifts Nebius again after 444% climb

Nebius Group shares jumped in after-hours trading Wednesday, with Benzinga reporting the stock up 11.47% at the time of publication.

The move followed a U.S. Schedule 13G filing showing Situational Awareness LP and related parties had acquired a 5.6% stake in the AI cloud company.

The filing disclosed shared beneficial ownership of 12,410,060 Class A shares and identified Leopold Aschenbrenner among the listed parties.

A Schedule 13G is typically filed by passive or exempt investors after crossing the 5% ownership threshold. TechStock² reports.

Time (ET) / Report / Period

8:30 AM - GDP (second revision) - Q1
8:30 AM - Personal income - April
8:30 AM - Personal spending - April

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