Stocks making the biggest moves premarket: Tesla, CrowdStrike, Paramount Global, Atlassian and more
Take a look at the key players making waves during premarket trading.
– This electric vehicle player saw a 1.5% drop before the bell, despite a remarkable 6% surge during Monday’s session. The company is expected to release second-quarter delivery data on Tuesday morning, which could influence the stock’s performance.
— With an upgrade to overweight from Piper Sandler, this company’s shares experienced nearly a 2% rise. Analyst Rob Owens suggests that as more consumers transition their data to cloud platforms, this software stock stands a chance for growth. He believes that its current pricing offers an appealing point of entry for investors.
— Shares in this traditional media giant rose by over 3% based on reports that its streaming subsidiary is considering merger talks with a number of companies. One of the prospective collaborators is Warner Bros Discovery, which could possibly result in a merger of Paramount+ with Max, as previously reported by CNBC.
D.R. Horton, Lennar Corporation
— Both of these household construction stocks suffered losses of more than 2% on Tuesday, following a downgrade to neutral from Citi. Analyst Anthony Pettinari said that while DHI and LEN have many admirable traits such as share gain, solid cash flows and resilient GM, they carry balanced risks and rewards in the second half, prompting investors to take a cautious stance.
— Piper Sandler has downgraded this cybersecurity firm’s shares to neutral from overweight, leading to a 2% drop. The decision was influenced by the firm’s high valuations and absence of any short-term catalyst for future enhancements.
