Today's Pre-Market Stock Movers: HZNP, RIVN, COUP, UAA and More

$Horizon Therapeutics(HZNP.US)$ +14.7% (The drugmaker's shares surged in the premarket after it agreed to be bought by $Amgen(AMGN.US)$ for $116.50 per share in cash, with the deal valued at $27.8 billion. Amgen shares fell 2.6%.

$Coupa Software(COUP.US)$ +26.47% (Private-equity firm Thoma Bravo agreed to buy Coupa, a specialist in business spending management software. The deal is worth $8 billion, or $81 per share in cash.)

$Weber(WEBR.US)$ +21.65% (The maker of grills and other outdoor cooking products agreed to be taken private by BDT Capital Partners for $2.32 billion in cash, or $8.05 per share.)

$Under Armour-A(UAA.US)$ +2.8% (Stifel upgrade it to "buy" from "hold." Stifel praised the athletic apparel maker's inventory management, which it said gives the company better profit margin certainty.)

$Gap Inc(GPS.US)$ +2.7%, $Tapestry(TPR.US)$ +2%, $Levi Strauss & Co.(LEVI.US)$-1.2% (Goldman Sachs upgraded Gap and Tapestry to “buy” from “neutral” while downgraded Levi Strauss to "neutral" from "buy." Goldman said its moves were based on which companies can thrive in an atmosphere that will see consumers become more discerning with their apparel spending.)

$Best Buy(BBY.US)$ +1.6% (Goldman Sachs upgraded it to "neutral" from "sell." It's among retail stocks that Goldman feels has the ability to maintain prices as inflation moderates and to gain market share.)

$Rivian Automotive(RIVN.US)$ -2.5% (The electric vehicle maker has paused talks with Mercedes-Benz on a planned joint venture to build electric vans in Europe. The move is part of Rivian's effort to be more conservative with its cash outlays in the face of higher interest rates and economic concerns.)

$Accenture(ACN.US)$ -1.7% (Piper Sandler downgraded the consulting firm's stock to "underweight" from "neutral." The firm expects Accenture to be negatively impacted by more cautious 2023 spending in the tech sector.)

$Brinker International(EAT.US)$ -3.7% (Goldman downgraded it to "sell" from "neutral." Goldman said it was cautiously optimistic about the long-term results of the company's effort to turn around its Chili's chain, but thinks 2023 will be choppy in terms of sales and profit margins.)