Stocks making the biggest moves in the premarket: Altimeter Growth, Johnson & Johnson, FedEx & more

1 month ago 33

Check retired the companies making headlines earlier the bell:

Altimeter Growth (AGC) — Southeast Asia's ride-hailing elephantine Grab is going nationalist via a SPAC merger with Altimeter Growth, valued astatine astir $40 billion. Grab says it intends to database connected the Nasdaq nether ticker awesome "GRAB" pursuing the deal's completion. Altimeter's shares surged astir 9% successful premarket trading.

Johnson & Johnson (JNJ) — Shares of the drugmaker fell 2.8% successful the premarket aft the Food and Drug Administration said it is asking states to pause administering J&J's Covid-19 vaccine aft six radical successful the U.S. developed a uncommon upset involving humor clots. The FDA said the proposal is "out of an abundance of caution."

FedEx (FDX) — Shares of the shipping institution roseate successful premarket trading astir KeyBanc Capital Markets upgraded FedEx to "overweight." The Wall Street steadfast besides acceptable a $350 per stock terms people connected FedEx. KeyBanc said FedEx tin inactive turn measurement adjacent with the instrumentality to in-person shopping.

JetBlue (JBLU), Spirit Airlines (SAVE) — Shares of the airlines popped successful premarket trading aft Susquehanna Financial Group upgraded JetBlue and Spirit Airlines to "positive." "With a betterment successful U.S. home aerial question underway, we privation to ain the low-cost carriers," the firm's expert told clients.

Booking Holdings (BKNG) — The question institution gained successful premarket trading aft Jefferies upgraded Booking to "buy" from "hold" connected a rebound successful planetary travel. The archetypal besides hiked its 12-month terms people to $2,800 per stock from $2,300 per share.

3M (MMM) — Shares of the manufacturing elephantine edged little successful the premarket aft Deutsche Bank added a "catalyst call" merchantability connected 3M. The Wall Street steadfast said the banal has curiously outperformed successful caller weeks contempt Deutsche Bank's anticipation for a miss connected upcoming earnings.

NortonLifeLock (NLOK) — The information institution dipped successful premarket trading aft Bank of America initiated the banal with an "underperform" standing and a $19 per stock terms target. "Last year's COVID-related spike successful request whitethorn unwind successful the adjacent fewer quarters and the institution whitethorn instrumentality to antagonistic trends successful churn and subscriber additions, negatively impacting the gross growth," the steadfast said.

Honeywell (HON) — Shares of Honeywell roseate successful premarket commercialized aft Deutsche Bank enactment a catalyst telephone "buy" standing connected the stock. The steadfast said investors are unenthusiastic astir Honeywell, contempt a betterment taking hold.

Bristol-Myers Squibb (BMY) — Shares of the pharmaceutical institution roseate successful the premarket astir Truist upgraded Bristol-Myers Squibb to "buy" from "hold" with a $74 per stock terms target. The Wall Street steadfast said it likes Bristol-Myers Squibb's cause pipeline.

Enjoyed this article?
For exclusive banal picks, concern ideas and CNBC planetary livestream
Sign up for CNBC Pro
Start your free proceedings now