Stocks making the biggest moves before the bell: Nvidia, Ferrari, Planet Fitness, Cinemark and more

by | Jun 24, 2024 | Financial

Check out the companies making headlines in premarket trading. ResMed , Eli Lilly — ResMed tumbled 11.8% following a news release from last Friday saying Eli Lilly’s tirzepatide weight loss drug reduced the severity of obstructive sleep apnea. Eli Lilly, on the other hand, ticked higher by around 1%. RXO — The freight stock surged 12.7% after buying the Coyote Logistics unit from UPS . RXO paid UPS more than $1 billion for Coyote. UPS shares were unchanged in premarket trading. Nvidia — The artificial intelligence darling slipped 1.8%. That built on last week’s drawdown, with the megacap technology stock retreating around 4% to snap an eight-week winning streak. Jefferies raised its price target on the stock over the weekend, implying that shares now had about 19% upside from last week’s closing level. Carrier Global — The heating and ventilation stock climbed 2.3% on the back of a Citi upgrade to buy from neutral. Citi said the company can become an alternative pure play HVAC provider with a multiple that’s improving after its business transformation wraps up. Ferrari — Shares of the luxury automaker ticked up by 1.6% as Wall Street digested the company’s electric vehicle plans. UBS raised its price target on the stock after seeing Ferrari’s new factory unveiled on Friday. Planet Fitness — The budget-friendly gym chain climbed 3.1% after TD Cowen name …

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[mwai_chat context=”Let’s have a discussion about this article:nnCheck out the companies making headlines in premarket trading. ResMed , Eli Lilly — ResMed tumbled 11.8% following a news release from last Friday saying Eli Lilly’s tirzepatide weight loss drug reduced the severity of obstructive sleep apnea. Eli Lilly, on the other hand, ticked higher by around 1%. RXO — The freight stock surged 12.7% after buying the Coyote Logistics unit from UPS . RXO paid UPS more than $1 billion for Coyote. UPS shares were unchanged in premarket trading. Nvidia — The artificial intelligence darling slipped 1.8%. That built on last week’s drawdown, with the megacap technology stock retreating around 4% to snap an eight-week winning streak. Jefferies raised its price target on the stock over the weekend, implying that shares now had about 19% upside from last week’s closing level. Carrier Global — The heating and ventilation stock climbed 2.3% on the back of a Citi upgrade to buy from neutral. Citi said the company can become an alternative pure play HVAC provider with a multiple that’s improving after its business transformation wraps up. Ferrari — Shares of the luxury automaker ticked up by 1.6% as Wall Street digested the company’s electric vehicle plans. UBS raised its price target on the stock after seeing Ferrari’s new factory unveiled on Friday. Planet Fitness — The budget-friendly gym chain climbed 3.1% after TD Cowen name …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]
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