Today's Pre-Market Stock Movers: NDAQ, NIO, ORCL, CCL and More

$Illumina(ILMN.US)$ +4.72% (Illumina announced a CEO transition plan on Sunday. CEO Francis deSouza resigned, effective immediately, but will stay on as an advisor through July 31. The move follows pressure from activist investor Carl Icahn.)

$NIO Inc(NIO.US)$ +4.66% (NIO said it was cutting prices for its vehicles and ending free battery swaps for new buyers. Last week, Nio also said it was delaying its capital expenditure projects. Nomura assumed coverage of Nio with a neutral rating on Sunday, after previously rating it a buy.)

$SentinelOne(S.US)$ +5.50% (Morgan Stanley upgraded SentinelOne to overweight from equal weight, and said the market hasn't correctly priced the stock's inherent asset value. The cybersecurity stock was hit with a salvo of downgrades after it reported weaker-than-expected first-quarter revenue and disappointing current-quarter and full-year guidance on the metric earlier in June.

$Oracle(ORCL.US)$ +3.98% (Investors awaited earnings for the fiscal fourth quarter expected after the bell. Wolfe Research upgraded the stock to outperform from peer perform over the weekend, while Evercore ISI said on Friday that it anticipated a strong quarterly report and positive commentary around the cloud business. Evercore ISI, Barclays and JPMorgan all raised their respective price targets for the stock in recent days.)

$Carnival(CCL.US)$ +6.49% (JPMorgan upgraded shares to overweight, citing continued demand momentum in the cruise industry.)

$Nasdaq(NDAQ.US)$ -9.39% (Nasdaq announced its deal to buy Adenza, the software firm owned by Thoma Bravo. The deal, valued at around $10.5 billion, would be Nasdaq's largest acquisition as the company sharpens its focus on financial technology and attempts to diversify.)

$BILL Holdings(BILL.US)$ -3.23% (Morgan Stanley downgraded the expense management platform to equal weight from overweight. The firm said Bill.com has limitations to expansion and could see increased competition.)