Today's Morning Movers and Top Ratings: AAPL, LLY, GM, COIN and More

$Eli Lilly and Co (LLY.US)$ shares rose 2% after a panel of FDA advisors recommended the approval of its Alzheimer's drug known as donanemab.

$General Motors (GM.US)$ The automaker's stock added more than 1% after its board authorized a $6 billion stock buyback program.

$Shopify (SHOP.US)$ The e-commerce stock rose about 1% after JPMorgan initiated coverage with an overweight rating, stating that the recent pullback in Shopify's stock is a buying opportunity.

$DXC Technology (DXC.US)$ Shares of DXC Technology rose 3% following a Reuters report that Apollo Global and Kyndryl Holdings are making a joint bid for the information technology company, reportedly offering between $22 and $25 a share.

$Calavo Growers (CVGW.US)$ Shares jumped 15% after the avocado distributor beat its latest quarterly expectations. Calavo Growers posted second-quarter earnings of 50 cents per share on revenue of $184.4 million, topping the consensus estimates. CEO Lee Cole cited “improved prices and margins in our core avocado business as well as in our tomato portfolio,” and improvement in its guacamole business, for the strong results.

$Apple (AAPL.US)$ shares slipped less than 1% a day after the iPhone maker's Worldwide Developers Conference, where it revealed its artificial intelligence plans, including Siri's integration with OpenAI's ChatGPT.

$GameStop (GME.US)$ shares slipped 1% before the bell, continuing its volatile ride. The video game retailer fell about 12% Monday, continuing a decline from Friday spurred by a surprise earnings report and meme stock leader Keith Gill’s first livestream in a few years.

$Coinbase (COIN.US)$ stock fell 3.8%, with the cryptocurrency exchange hit hard by the 4% fall in the price of bitcoin.