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Stock futures kicked off Q3 and the second half of 2024 on a bullish note, inching up slightly in pre-market trading on Monday morning.
Here are some of Monday’s biggest stock movers:
Biggest stock gainers
- Spirit AeroSystems (NYSE:SPR) shares soared over 8% after Boeing (NYSE:BA) announced it would acquire the company in an all-stock deal at $37.25 per share, with a total transaction value of approximately $8.3B, which includes Spirit’s debt. This represents a premium of 26% over Spirit’s closing stock price on February 29, the day before the acquisition talks were confirmed.
- Li Auto’s (NASDAQ:LI) shares rose more than 3% after announcing the delivery of 47,774 vehicles in June, a 46.7% increase Y/Y and 36.4% M/M. This momentum continued throughout Q2, with deliveries reaching 108,581, reflecting a 25.5% Y/Y growth. As of June 30, 2024, Li Auto’s cumulative deliveries reached 822,345 vehicles, ranking first among China’s emerging new energy auto brands. The company has reclaimed the top spot in sales among emerging new energy auto brands since the second quarter, driven by the launch of its new model, Li L6, and improved store efficiency.