The Mobil logo and gas prices are displayed at a Mobil gas station in Los Angeles on October 28, 2022.
Mario Tama | getty images
Check out the companies making headlines in premarket trading.
plug power – Battery stocks rose nearly 6% after the company forecast sharp growth in revenue to nearly $6 billion by 2027, according to a regulatory filing.
timken – Shares fell about 2% after Bank of America downgraded it from neutral to underperform, with analyst Michael Feniger expressing concerns over inventory increases going forward.
take-two interactive – Take-Two Interactive Software rose about 1% after Raymond James upgraded the stock to outperform and expressed optimism about its near- and medium-term future. This soon led to more consistent releases and proper evaluations based on the company’s Grand Theft Auto 6 release.
DaVita, Novo Nordisk – Shares of the dialysis service provider fell 15% on news of Ozempic’s effectiveness in Novo Nordisk’s kidney disease treatment study. Novo Nordisk shares rose 3.1%.
Exxon Mobil, leading natural resources – Exxon Mobil shares fell more than 1% during premarket trading after the company agreed to buy Pioneer in an all-stock merger for about $60 billion, or $253 a share. Pioneer shares, meanwhile, rose 2.5%. Exxon said production volumes in the Permian Basin will more than double after the deal closes.
humana – Humana shares fall slightly after Bruce Broussard says CEO will step down in the second half of 2024,
Sherwin-Williams – Paint company shares fell less than 1% After Sherwin-Williams said Heidi G. Petz will assume the role of chief executive effective January 1, 2024. Petz will continue in her role as Chairman after taking over as CEO.
csx – Shares rose about 2% after an upgrade from JPMorgan to overweight. The firm said CSX represents the “best near-term growth opportunity” among U.S. rail stocks.
amgen – The biotech stock rose 0.6% after an upgrade to outperform from Leerink Partners, with analyst David Risinger highlighting long-term revenue potential of $19.3 billion.
— CNBC’s Tanaya Machel, Pia Singh and Michelle Fox contributed reporting.
(TagstoTranslate)Amgen Inc(T)CSX Corp(T)Sherwin-Williams Co(T)Humana Inc(T)Take-Two Interactive Software Inc(T)Business(T)Breaking News: Markets(T)Stock Market(T) Economy(T)Markets(T)Markets Insider(T)Exxon Mobil Corp(T)Pioneer Natural Resources Co(T)Novo Nordisk A/S(T)Davita Inc(T)Timken Co(T)Plug Power Inc(T) business News