Company News January 16, 2023

  • Virgin Galactic Holdings, Inc. SPCE shares shot up 12.3% following the announcement that the company was on track to launch commercially in the second quarter 2023.

  • Shares of JPMorgan Chase & Co. JPM rose 2.5% after reporting fourth-quarter fiscal 2022 earnings of $3.57 per share, beating the Zacks Consensus Estimate of $3.11 per share.

  • Tesla, Inc.’s TSLA shares fell 1% after it cut prices of its vehicles in the United States and Europe.

  • Bank of America Corporation BAC shares rose 2.2% after reporting fourth quarter fiscal 2022 earnings of $0.85 per stock, exceeding the Zacks Consensus Estimate of 0.76 per share.

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