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

Published 2023/09/18, 13:46
© Reuters

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."

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