Check out the companies making the biggest moves premarket: Comcast — Shares surged 20% after the company announced it would spin off its media portfolio of NBCUniversal and Sky. The spin-off is expected to be completed in about one year, and will see Comcast co-CEO Mike Cavanagh stepping into the role of leader at NBCUniversal, while former Comcast CFO Michael Angelakis will become chief of the telecommunications company. SpaceX — The stock rose 2% after Nasdaq announced on Friday that SpaceX would be added to the Nasdaq 100 index before trading on July 7. Its inclusion could lead to a wave of ETF buying demand. Charter Communications — The home internet provider soared almost 20% on a Bloomberg report from Friday that said the company and SpaceX had held exclusive talks on a consumer phone product. The report said Charter could run some of SpaceX’s consumer mobile phone traffic through its ground internet infrastructure. Alphabet — Shares were up about 1% as the “Magnificent Seven” darling was set to trade for the first time on the Dow Jones Industrial Average on Monday. Alphabet is replacing Verizon on the 30-member blue chip index. Verizon Communications — The telecommunications company was off 0.5% after it projected second quarter losses between $700 million and $800 million. The estimate comes from the company classifying businesses its contributing as part of a joint venture with U.K.-based BT Group as held for sale. Martin Marietta Materials — Shares slipped almost 3% after the company announced an agreement to combine with Lhoist North America for $13.5 billion in cash. The natural resource building materials company said Lhoist will expand its portfolio in industrial minerals. Oracle — The cloud company rose 3% as it looked to start the shortened trading week with a rebound from its worst week since 2001 . Shares fell 19% last week on worries about the company’s debt and if its bet on artificial intelligence will pay off. TeraWulf — Shares were up 3% after Citi initiated coverage with a buy rating. Analysts at the bank said the company is addressing key bottlenecks when it comes to delivering power for data centers, making it an attractive AI trade play.
