🔥 Premium AI-powered Stock Picks from InvestingPro Now up to 50% OffCLAIM SALE

Arm, Dropbox, Ford fall premarket; Micron, DoorDash rise

Published 2023/09/18, 13:46
© Reuters
GM
-
F
-
DIS
-
MU
-
VX
-
ZL
-
ZS
-
ZW
-
ZC
-
DBX
-
DASH
-

Investing.com -- U.S. futures traded marginally higher Monday, as investors hunkered down ahead of this week’s key Federal Reserve meeting.

Here are some of the biggest premarket U.S. stock movers today:

  • Arm Holdings (NASDAQ:ARM) stock fell 2.7%, continuing the company’s volatile ride since its float last week. While the stock also fell 4.5% on Friday, it’s still considerably above its listing price.

  • Micron (NASDAQ:MU) stock rose 1.9% after Deutsche Bank (ETR:DBKGn) upgraded its rating on the tech company stock to ‘buy’ from ‘hold’, expecting it to benefit from renewed strength in a key line of random access memory chips.

  • Walt Disney (NYSE:DIS) stock rose 0.4% after Raymond James started coverage of the entertainment giant with an ‘outperform’ rating, saying the company's strong asset portfolio will help support a steady push toward streaming.

  • Ford (NYSE:F) stock fell 0.4% while General Motors (NYSE:GM) stock rose 0.1% with negotiators set to resume talks aimed at ending the United Auto Workers strike which has halted production at three plants in Michigan, Ohio and Missouri.

  • CCC Intelligent Solutions (NASDAQ:CCCS) stock rose 5% after Reuters reported that private equity firm Advent International is considering a sale of the auto software provider.

  • DoorDash (NYSE:DASH) stock rose 1.5% after Mizuho upgraded the online food delivery company to ‘buy’ from ‘neutral’, saying its growth should exceed consensus.

  • Dropbox (NASDAQ:DBX) stock fell 2.3% after William Blair downgraded its stance on the online storage platform to ‘market perform’ from ‘outperform’, citing "lackluster organic revenue growth prospects in 2024."

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.