See which businesses are generating news during premarket trading.
Plug Power — The battery company’s stock increased by almost 6% after a regulatory filing revealed that revenue will more than double by 2027 to reach almost $6 billion.
Timken — Shares of the company decreased by almost 2% after Bank of America downgraded it from neutral to underperform, citing future inventory concerns in his report.
Take-Two Interactive – Take-Two Interactive Software saw a slight 1% increase after Raymond James upgraded the company to outperform and expressed confidence in its short- and medium-term prospects. The corporation identified a roadmap to more reliable releases and fair valuation based on the company’s impending Grand Theft Auto 6 release.
Novo Nordisk and DaVita — Following the revelation that Ozempic was successful in treating renal illness in a Novo Nordisk research, shares of the supplier of dialysis services fell 15%. Novo Nordisk shares rose 3.1%.
Pioneer Natural Resources and ExxonMobil After deciding to merge with Pioneer for about $60 billion, or $253 per share, in an all-stock transaction, Exxon Mobil’s shares fell by more than 1% premarket. Pioneer stock increased 2.5% in the meantime. Following the closing of the acquisition, Exxon predicted that the volume of output in the Permian Basin will more than double.
Sherwin Williams — After Serwin-Williams announced that Heidi G. Petz would take over as CEO on January 1, 2024, the paint company’s shares decreased by less than 1%. Following her appointment as CEO, Petz will still serve as president.
CSX — Following JPMorgan’s upgrade to overweight, shares increased by almost 2%. Among American rail companies, the company claimed that CSX has the “greatest near-term growth possibility.”
Amgen — The biotech stock rose 0.6% after Leerink Partners upgraded it to outperform, with analyst David Risinger citing the company’s $19.3 billion long-term revenue potential.