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Today's Pre-Market Stock Movers and Top Ratings: BAC, WH, JNJ, LMT and More

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Movers and Shakers wrote a column · Oct 17, 2023 07:13
Pre-Market Stock Movers
Gapping up
(The stock soared over 15% after $Choice Hotels International(CHH.US)$ , down 6%, disclosed it made an offer to its rival for about $7.8 billion in a cash and stock deal.)
(The stock rose 1.5% after the drugmaker raised its 2023 profit forecast, helped by resilient demand for its anti-inflammatory drug Stelara and recorded a $21 billion gain from the spin off of its consumer health unit.)
(The stock rose 1% after the banking giant's third quarter results beat expectations, with net interest income rising 4%, driven by higher interest rates and loan growth.)
(The stock rose 0.2% in volatile trade after the investment bank's profit came in better than expected in the third quarter, but was still weighed down by a writedown on its GreenSky fintech business and its investments in real estate.)
Gapping down
(The stock fell 0.4% after the tech giant's LinkedIn unit said it would lay off more than 600 employees across in the second round of job cuts this year for the social media network for professionals amid slowing revenue growth.)
(The stock fell 1.7% after sales at the defence giant's aeronautics unit, the largest by size, saw a 5.2% decline in the third quarter, even as it reported higher third-quarter revenue.)
(The stock fell 0.4% after the EV manufacturer has been told to recall just under 55,000 Model X vehicles manufactured between 2021-2023, as the vehicle controller is likely to fail to detect low brake fluid and not display a warning light.)
Source: CNBC
US Top Rating Updates on 10/17
Today's Pre-Market Stock Movers and Top Ratings: BAC, WH, JNJ, LMT and More
Source: Dow Jones
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