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Today's Pre-Market Stock Movers and Top Ratings: PEP, RIVN, PLTR, GLW and More

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Movers and Shakers wrote a column · Oct 10, 2023 07:12
Pre-Market Stock Movers
Gapping up
(Shares of the data analytics company added 2.3% on news that the U.S. Army awarded the company a $250 million contract to test and develop artificial intelligence and machine learning.
(The game engine stock surged nearly 6% after the company said CEO John Riccitiello would retire. Unity added that James M. Whitehurst would assume the interim chief role.)
(Shares of the electric truck company rose 3% in premarket trading after UBS upgraded Rivian to buy from neutral. The investment firm said Rivian's fundamentals are improving and that the stock has upside after a recent $1.5 billion capital raise sparked a sell-off.)
(Shares of the beverage giant added roughly 1% after a third-quarter earnings beat. The company reported an adjusted $2.25 per share on $23.45 billion in revenue, while analysts polled by LSEG forecast an adjusted $2.15 and $23.39 billion.)
(Shares rose about 1% after DA Davidson upgraded Ameris Bancorp to buy from neutral, saying the company is “uniquely insulated” from unrealized losses connected to higher interest rates.)
Arm Holdings
(The semiconductor stock climbed about 2% a day after several analysts initiated bullish coverage of the stock, including JPMorgan, Deutsche Bank and Goldman Sachs.)
Gapping down
(The biotech company plummeted more than 63% after reporting initial trial data related to a Phase 2B study of cirrhosis drug efruxifermin.)
(The stock fell 2.4% after JPMorgan downgraded the technology company to ‘neutral’ from ‘overweight’, seeing considerable downside to current consensus earnings estimates.)
Source: CNBC
US Top Rating Updates on 10/10
Today's Pre-Market Stock Movers and Top Ratings: PEP, RIVN, PLTR, GLW and More
Source: Dow Jones
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