Take a look at some of the biggest movers in the premarket:
McDonald’s (MCD) – McDonald’s halted further reopenings of dine-in service at its restaurants, postponing them by three weeks due to a rise in Covid-19 cases. Restaurants, where dine-in service had already resumed, will be allowed to continue offering it if their local jurisdictions allow it.
Tesla (TSLA) – Tesla delivered 90,650 vehicles during the second quarter, exceeding expectations of 72,000. Separately, Wedbush Securities increased its price target on the stock to $1,250 from $1,000, saying its “bull case” could see the stock rise as high as $2,000. However, Wedbush’s rating on the stock remains “neutral”.