Stocks making the biggest moves premarket: GameStop, Nvidia, Airbnb, Viking and more
Here are some companies grabbing the spotlight before market open.
— The firm’s stock skyrocketed by nearly 27% following its declaration on Friday of having raised approximately $933.4 million through a share offering, where it let go of 45 million common shares.
— This electronics hardware manufacturer ascended 3% in premarket trading, extending its recent post-earnings upturn. Nvidia’s shares rocketed 15% last week, conquering the $1,000 mark for the first time in history.
— This cruise line’s stocks surged by 3% in response to a status upgrade from neutral to buy by investment consultants at Mizuho. The firm believes that a change in opinion could benefit Norwegian, which has been in the crosshairs of short sellers in past years.
— The newly-listed cruise line’s shares increased by 1.1% following coverage initiations by multiple Wall Street firms. Bank of America and UBS launched their coverage of Viking with buy ratings, with the former praising its unique brand and clear market niche. Meanwhile, JPMorgan gave it an overweight score.
Airbnb
— Stocks of this short-term accommodation service rose 1.5% post an upgrade by Wedbush to outperform from neutral. Wedbush attributes this to strong travel demand and Airbnb’s recent slump providing a good opportunity for new investments.
— The chemical giant’s shares rose 1.4% following a lift in its rating from neutral to buy by Citi. The bank believes that DuPont’s proposed split-off of its water and electronics subdivisions could be a positive trigger.
— This digital learning solution’s stock climbed 1% post an upgrade by JMP to market outperform, up from market perform. Analyst Andrew Boone thinks that the company’s new subscription model, Duolingo Max, could push stocks higher, and also underlines the potential from AI.
— This local banking powerhouse’s shares bumped up over 1% on Tuesday’s morning trading period following an upgrade by JPMorgan from neutral to overweight. JPMorgan has a positive outlook on the benefits of onshoring and the potential for organic growth.
— This telecommunication firm’s shares spiked more than 9% after announcing that T-Mobile is set to purchase U.S. Cellular’s wireless operations plus 30% of its spectrum assets for $4.4 billion. The transaction is projected to be concluded by mid-2025. T-Mobile’s shares remained unchanged.
