Why Rocket Lab Shares Are Trading Higher By Around 29%; Here Are 20 Stocks Moving Premarket

Why Rocket Lab Shares Are Trading Higher

Rocket Lab shares are trading higher on Thursday after the company reported strong fourth-quarter results. The company reported revenue of $63.4 million, up 49% year-over-year, and a net loss of $16.6 million, narrower than the loss of $23.9 million in the prior-year period. Rocket Lab also announced a new contract with the U.S. Space Force for the launch of two Photon spacecraft in 2024.

Key Points

- Rocket Lab shares are trading higher on Thursday after the company reported strong fourth-quarter results. - The company reported revenue of $63.4 million, up 49% year-over-year, and a net loss of $16.6 million. - Rocket Lab also announced a new contract with the U.S. Space Force for the launch of two Photon spacecraft in 2024.

Other Stocks Moving Premarket

In addition to Rocket Lab, a number of other stocks are moving in premarket trading on Thursday. Here are some of the most notable movers: - **Up:** - Antero Resources (AR) +9.1% - Devon Energy (DVN) +4.3% - EOG Resources (EOG) +3.2% - Marathon Oil (MRO) +2.9% - Occidental Petroleum (OXY) +2.7% - **Down:** - Align Technology (ALGN) -3.1% - Amazon.com (AMZN) -1.2% - Apple (AAPL) -0.9% - Alphabet (GOOG) -0.8% - Meta Platforms (FB) -0.7%

Market Overview

The stock market is mixed in premarket trading on Thursday. The Dow Jones Industrial Average is up 0.3%, the S&P 500 is flat, and the Nasdaq Composite is down 0.2%.