Today's Pre-Market Stock Movers: BABA, CCL, DICE and More

$Atmus Filtration Technologies(ATMU.US)$ +2.70% (Shares of the air filtration company rose after a slew of analysts initiated coverage with bullish ratings, including JPMorgan. The bank said Atmus trades at a "deep discounted valuation vs. peers, despite >80% of aftermarket mix, while its planned expansion into industrial filtration should bridge the valuation gap vs. direct filtration peers over time.")

$DICE THERAPEUTICS, INC.(DICE.US)$ +37.70% (Eli Lilly said it was acquiring the company for $48 per share, or about $2.4 billion, in cash.)

$Avis Budget(CAR.US)$ +2.90% (Shares added in light volume following an upgrade by Morgan Stanley to overweight from equal weight. Analyst Adam Jonas also upped his price target to $230 from $182, suggesting 12.6% upside. Jonas cited Avis’proven track record of fleet risk management and lower operating expenses relative to sales.)

$Philip Morris International(PM.US)$ +1.90% (Citi upgraded Philip Morris to buy from neutral. Investors are undervaluing the growth of smoke free products, according to Citi.)

$Carnival(CCL.US)$ +4.94% (Shares moved higher in the premarket, building on gains made last week when it was the S&P 500′s best performer. Cruise stocks are soaring this year as the companies recover from the Covid pandemic — the last in the travel industry to do so.)

$Alibaba(BABA.US)$ -2.28% (The China e-commerce giant announced CEO Daniel Zhang was stepping down and will be replaced by Eddie Wu, one of Alibaba's co-founders. The move follows the company's announcement in March it was restructuring its business into six business groups.)

$Warner Bros Discovery(WBD.US)$ -1.17% (The company's movie "The Flash" took in an estimated $55 million during its first three-day weekend, less than the $75 million to $85 million the industry had expected.)