Today's Pre-Market Movers and Top Ratings | TSLA, NVO, PLUG and More

$Tesla (TSLA.US)$ increased by 2.5%. Following a public spat last week, President Trump wished CEO Elon Musk well, decided to keep the red Tesla he bought in March, and praised Musk's SpaceX Starlink as a good service, affirming its continued use at the White House.

$Novo-Nordisk A/S (NVO.US)$ increased by 2.8% after a report emerged that London-based activist hedge fund Parvus Asset Management is accumulating a stake in the Danish drugmaker to impact the choice of its next CEO.

$Tencent Music (TME.US)$ increased by 5.5% in recent premarket trading after the company announced its plan to acquire Chinese online audio platform Ximalaya through a cash and stock deal on Tuesday.

$Caseys General Stores (CASY.US)$ shares surged 10.5% following robust fiscal Q4 performance, bolstered by strong sales of hot sandwiches, bakery items, and beverages.

$Plug Power (PLUG.US)$ soared over 13.1% following the announcement that Chief Financial Officer Paul Middleton purchased an additional 650,000 shares of the company's common stock on the open market.

$JM Smucker (SJM.US)$ dropped 7.3% following a missed quarterly earnings forecast, with the company citing a "dynamic and evolving external environment" due to recent trade tensions.

$McDonald's (MCD.US)$ stock declined 1.3% following a downgrade by Redburn from “buy” to “sell,” citing appetite-suppressing drugs as an underestimated long-term risk to consumer demand.