Virgin Galactic's Rising, but This Stock Is Truly Launching Higher Tuesday
Positive news on the diplomatic front helped send stocks sharply higher in premarket trading on Tuesday morning, as reports signaled that Russia was pulling back some of its armed forces from regions near Ukraine. As of 8 a.m. ET, futures on the Dow Jones Industrial Average (DJINDICES: ^DJI) were up 411 points to 34,882. S&P 500 (SNPINDEX: ^GSPC) futures had risen 67 points to 4,461, while Nasdaq Composite (NASDAQINDEX: ^IXIC) futures were up 294 points to 14,547.
Many individual stocks moved higher in response to the news, but there were some particularly notable movers in the premarket session. Virgin Galactic Holdings (NYSE: SPCE) made an announcement that should lead to increased revenue, but the substantial move higher for its stock price was still small in comparison to the shares of a company that became the latest in the long series of stocks getting a boost from takeover bids. Below, you'll learn more about Virgin Galactic's latest move and then find out which stock is leading the market higher Tuesday.
Image source: Getty Images.
Source Fool.com
