Today's Pre-Market Stock Movers: JOBY, MU, WFC, JPM, BAC and More

$Joby Aviation(JOBY.US)$ +20.74% (The aviation company announced a $100 million equity investment from South Korea's SK Telecom, expanding an existing partnership. On Wednesday, shares surged 40% after the company said it received a permit to begin flight testing its first electric vehicle takeoff and landing vehicle.)

$Micron Technology(MU.US)$ +2.39% (Shares rose after latest quarter revenue topped analyst estimates postmarket Wednesday. Micron revenue of $3.75 billion beat the $3.65 billion expected by analysts, per Refinitiv. Micron said it believes the memory chip industry has passed its trough in revenue and now expects profit margins to improve.)

$Wells Fargo & Co(WFC.US)$ +1.85% $JPMorgan(JPM.US)$ +1.31% $Bank of America(BAC.US)$ +1.78% $Charles Schwab(SCHW.US)$ +2.37% (The banks and brokerage firm moved higher after passing the Federal Reserve's annual stress test Wednesday. )

$FREYR Battery(FREY.US)$ +12.59% (The company was upgraded by Morgan Stanley to overweight from equal weight. Analyst Adam Jonas said he believes the company can show “meaningful progress on commercial milestones.” His $13 price target suggests a 72% rally from Wednesday's close.)

$Occidental Petroleum(OXY.US)$ +1.27% (Berkshire Hathaway on Wednesday said it bought more shares of the oil giant. Between June 26 and June 28, the Warren Buffett conglomerate bought a total of 2.1 million shares, according to a regulatory filing, brining its position to 25%.)

$Overstock.com(OSTK.US)$ +9.12% (Overstock closed its deal to buy the Bed Bath & Beyond brand out of bankruptcy. Overstock will shift to using the Bed Bath & Beyond name in the coming weeks.)

$Virgin Galactic(SPCE.US)$ +2.11% (Virgin Galactic is set to launch its first commercial spaceflight later Thursday.)

$Citizens Financial(CFG.US)$ -2.18% (JPMorgan downgraded the Providence, Rhode Island-based lender after the Fed stress tests to neutral from overweight, citing increased capital requirements that will put further pressure on profitability.)