Good morning Wake-Up Watchlisters! While you’re sipping coffee you’ll see stock futures edged lower on Friday. A top electric car maker saw shares fall (more on that below) and investors are eyeing less-aggressive rate hikes amid cooling inflation. We should have more insight into the economy after fourth-quarter reports from major banks Wells Fargo, Citigroup, and JPMorgan Chase & Co. today.

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Here’s a look at the top-moving stocks this morning.

Virgin Galactic Holdings, Inc. (NYSE: SPCE)

Virgin Galactic Holdings is up 16.67% premarket after confirming space-tourism flights are on track for the second quarter of 2023. The company recently updated its leadership structure to support commercial spaceline operations, with moves that included the departure of President Swami Iyer. Iyer will serve as advisor to CEO Michael Colglazier until March 3, 2023 to ensure a smooth transition.

Shuttle Pharmaceuticals (Nasdaq: SHPH)

Shuttle Pharmaceuticals is up 14.12% premarket after the discovery stage specialty company announced the issuance of a $4.3 million senior secured convertible note and warrant to an individual investor. Shuttle will receive initial gross proceeds of $4.0 million. Plus the company will receive an additional $2.5 million if the warrants are exercised by an investor.

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Tesla (Nasdaq: TSLA)

Tesla is down 4.51% premarket after announcing price cuts to the Model 3 and Model Y. The Model 3 base version price was cut by $3,000 to $43,990. The Model Y Long Range price was dropped $13,000 to $52,990. The cuts come as the EV company is looking to reignite demand against growing threats.

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Hanesbrands Inc. (NYSE: HBI)

Hanesbrands is up 8.68% premarket after the stock rallied on a hiked outlook. The company said it expects fourth quarter sales to be “slightly above” the top end of its outlook range of $1.4 billion to $1.45 billion.

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Those are the top market movers today.

Happy trading!

The Wake-Up Watchlist Research Team