Stocks making the biggest moves premarket: Domino’s Pizza, Berkshire Hathaway, Moderna, Fluence Energy and more

In the world of premarket trading, there’s lots to look out for.

Domino’s Pizza is in the spotlight with their stocks soaring over 6% as they announce a 25% hike in their dividend and a billion-dollar boost to their buyback program. The much-awaited payout is set for March 9 and the additional stock purchase, cleared at the end of the fourth quarter on February 21.

HashiCorp saw an 8% surge in their share price following an upgrade from Morgan Stanley, who switched their stance from equal weight to overweight. This software company seems poised for growth with a predicted boom in cloud transitions.

Berkshire Hathaway, Warren Buffett’s conglomerate, also saw its Class B shares rise, increasing nearly 3%. This was fueled by a nearly 30% YoY increase in Q4 operating earnings. Additionally, Berkshire’s cash reserves have reached unprecedented levels.

Gap Inc, the well-known apparel retailer, grew its shares by nearly 2% post an upgrade by JPMorgan to a neutral stance. The company’s broadened product range and cost savings measures have drawn appreciation.

Monday.com, had a 2% uptick in shares following Bank of America starting its coverage of this cloud platform company with a buy rating. Analyst Michael J. Funk believes that the consensus estimates on the stock are on the side of caution and the company is lined up to make impressive market share gains.

Fluence Energy’s shares rose more than 5% post an upgrade to a positive outlook by Susquehanna Financial. Analyst Biju Perincheril noted that recent improvements in the company’s operations and balance sheet combined with a recent dip in the stock provides a good entry point for investors.

Moderna, however, witnessed a slight slump with its share prices dropping by 1.6%. This was a result of a downgrade from HSBC from hold to reduce as they anticipate Moderna’s RSV vaccine may struggle against competition.

Amer Sports, on the other hand, saw their shares surge 6% following positive initiations from a bevy of major banks, including Goldman Sachs, JPMorgan, Citi, Bank of America and Morgan Stanley. Known for manufacturing Wilson tennis rackets, the athletic company had recently gone public in February.