Today's Pre-Market Stock Movers And Top Ratings: AMC, TSLA, SHOP, DPZ and More
Pre-Market Stock Movers
Gapping up
$AMC Entertainment (AMC.US)$ +43.2%
(Shares popped 43% after a judge on Friday denied a proposed settlement related to AMC Entertainment’s plan to convert preferred shares into common stock. The company said it has filed a revised stock plan. Preferred shares lost about 2% before the bell.)
$Mattel (MAT.US)$ +1.46%
(The toymaker gained 1.5% after the movie based on one of its doll, Barbie, posted strong opening weekend box office numbers. Warner Bros. Discovery, the parent of the studio that made the film, rose 0.9%.)
$Shopify (SHOP.US)$ +2.29%
(The e-commerce stock popped 2.3% after MoffettNathanson upgraded shares to an outperform rating, saying that Shopify’s enterprise business is approaching an inflection point.)
$Chevron (CVX.US)$ +0.7%
(Shares jumped 0.7% after Chevron announced long-time company veteran Eimear Bonner would become the next chief financial officer next year. The company reported preliminary second-quarter earnings results Sunday evening. Chevron posted adjusted earnings of $3.08 a share, which topped analysts’ estimates.)
Gapping down
(The stock lost nearly 4% in premarket trading after Domino's reported mixed quarterly results. The company reported earnings of $3.08 a share on $1.02 billion in revenue. Analysts surveyed by Refinitiv had looked for EPS of $3.05 on revenues of $1.07 billion.)
$Tesla (TSLA.US)$ -1.66%
(The electric vehicle stock lost more than 1% after UBS downgraded shares to an underweight rating, saying that the recent uptick fully accounts for the demand boost prompted by recent price cuts.)
(Shares lost 1% before the bell as roughly 340,000 employees prepare to go on strike nationwide.)
$American Express (AXP.US)$ -1.89%
(The financial services stock lost nearly 2% before the bell after Piper Sandler downgraded shares to underweight and trimmed its price target. The firm cited concerns over the company hitting its revenue and profit growth targets.)
Source: CNBC
US Top Rating Updates on 7/24
![Today's Pre-Market Stock Movers And Top Ratings: AMC, TSLA, SHOP, DPZ and More](https://ussnsimg.moomoo.com/feed_image/77777018/d17b10857ba1310db36e32680be935aa.jpg/bigmoo)
$Opendoor Technologies (OPEN.US)$ initiated at Equal-Weight by Morgan Stanley, announced target price at $4.
$Kodiak Gas Services (KGS.US)$ initiated at Hold by JP Morgan, announced target price at $24.
$Shopify (SHOP.US)$ was upgraded by MoffettNathanson from Market-Perform to Outperform, increased target price to $76.
$Lam Research (LRCX.US)$ was upgraded by Stifel from Hold to Buy, increased target price from $505 to $725.
$Tesla (TSLA.US)$ was downgraded by UBS from Buy to Neutral, decreased target price to $270.
$Estee Lauder (EL.US)$ was downgraded by Piper Sandler from Overweight to Neutral, decreased target price from $265 to $195.
Source: Dow Jones
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Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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