Stocks making the biggest moves before the bell: Apple, Intel, Alcoa, Micron Technology and more
Here’s the latest trading buzz:
Trump Media & Technology — A surge of over 1% has been seen in the shares, a continuation of the 11% spike from last Friday. This jump follows Trump’s declaration of maintaining his stake, leading to a temporary halt in trading due to its volatility.
Upstart Holdings — This personal finance stock took a plunge of 4% post Upstart’s declaration of a $300 million debt offering. The funds are projected to be used for repurchasing certain bonds and various corporate purposes.
Apple — The tech giant’s stock witnessed a 2% fall due to analyst reports suggesting a potential soft demand for iPhone 16 Pro models.
Bausch + Lomb — The contact lens company saw its shares shoot up by 11.5% following possible sale news. A potential private equity interest is anticipated.
Alcoa — The aluminium firm’s shares rose by 1.4% after the announcement of its stake sale in the Ma’aden mining joint venture.
Intel — Shares of the semiconductor leader were up by 1.3%, spurred by Bloomberg’s report on a potential $3.5 billion grant for chipmaking for the military.
Micron Technology — A drop of 2.8% was seen in their shares as Morgan Stanley decreased its price target by $40 to $100, suggesting a limited upside.
ASE Technology — After receiving an upgrade to overweight from equal weight by Morgan Stanley, this semiconductor packaging firm gained 1.7%.
Colgate-Palmolive — A drop of 1.5% followed Wells Fargo’s downgrade to underweight from equal weight, hinting at a future normalization in growth rate.
Ally & Synchrony Financial — Shares were down by around 1% each, post BTIG’s downgrade from buy to neutral.
Sprouts Farmers Market — Evercore ISI upgraded the rating of the retailer to outperform from in line, causing its shares to ascend by 1.2%.
Yelp — The shares fell by 1.7% as Bank of America rated it underperform, predicting continued declining usage impacting future growth.
Zillow — The real estate firm saw its shares rise by over 2%, post an upgrade due to potentially favorable mortgage rates and business growth.
