Stocks making the biggest moves premarket: Micron Technology, 3M, AT&T, Delta Airlines and more
Take a look at the corporations making waves in premarket commerce.
— The firm saw a roughly 1.1% rise in its stock after Bank of America elevated its price target, with an analyst predicting that the demand for high-bandwidth memory technology would escalate to over $20 billion by 2027.
— The manufacturer witnessed a nearly 3% surge in its shares on Monday. 3M finalized its health-care company Solventum’s spinoff and stated that its $10 billion settlement with public water suppliers in a chemical lawsuit was finally approved.
— These trucking stocks retreated following Monday’s Barclays shares downgrade. Analyst Brandon Oglenski expressed concerns about the “over-supplied North American truckload capacity putting downward pressure on rates and resulting in lower profitability for many carriers.”
— The respective gold miner and gold royalty firm saw their shares climb 2% and 1.7%. This upward movement occurred as gold reached an all-time high on Monday, pushed up by growing expectations of the Federal Reserve possibly reducing rates as soon as June.
— The oil and gas producer’s stock gained 1.4% on the back of Wells Fargo’s upgrade to overweight from equal weight. Wells Fargo anticipates the company to bounce back soon and states that the stock is attractively priced for investors to enter.
— The shares rose approximately 2% after Morgan Stanley singled out the Atlanta-based airline stock as its top pick for 2024. The firm believes that Delta’s shift towards more premium services will enable it to surpass its competitors.
— The telecommunications firm’s stock fell by more than 2% following the company’s announcement of an ongoing investigation into a data leak that led to over 7 million customers’ data being disclosed on the dark web.
— The cloud services firm’s shares fell over 5% after Executive Chairman Michael Saylor sold close to 4,000 shares of MicroStrategy last week, as revealed in a regulatory filing.
— The electric vehicle manufacturer’s stock experienced a less than 1% rise following its previously declared price hike on the Model Y which came into effect on Monday.
— The shipping company’s shares rose nearly 2% after it was announced that UPS would take the position of the chief air cargo supplier for the United States Postal Service.
