Southwest, Tesla, Mesa Air fall premarket; Kala Pharmaceuticals soars
By Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Friday, December 30th. Please refresh for updates.
Southwest Airlines (NYSE:LUV) stock fell 1.1%, after Transportation Secretary Pete Buttigieg said the Biden administration will hold the carrier "accountable" if it fails to fulfill commitments to customers for "controllable delays and cancellations." The airline expects to run a normal flight schedule Friday after thousands of cancellations this week.
Tesla (NASDAQ:TSLA) stock fell 1.7%, on course for its biggest ever annual decline, with the electric car manufacturer having shed more than $700 billion in market valuation this year.
Kala Pharmaceuticals (NASDAQ:KALA) sock soared over 45% after the FDA accepted the company's application to develop a new drug that targets an eye disease known as “persistent corneal epithelial defect." Trimble (NASDAQ:TRMB) stock fell 2.5% after the firm announced it has raised $1B in debt as it prepares to acquire a logistics software company. Li Auto (NASDAQ:LI) stock fell 0.1%, weighed by China's COVID outbreak, despite the China-based electric vehicle maker saying it expected to deliver more than 20,000 vehicles this month, higher than the 14,087 delivered in December 2021. Mesa Air (NASDAQ:MESA) stock fell 10% after the regional carrier reported a bigger-than-expected quarterly loss and disappointing revenue numbers.
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