Today's Morning Movers and Top Ratings: AVGO, LLY, DJT, PLNT and More
Morning Movers
Gapping up
$Planet Fitness (PLNT.US)$ was upgraded by TD Cowen from Hold to Buy, with the target price raised from $66 to $92. Shares increased by more than 3% in premarket trading.
$Broadcom (AVGO.US)$ shares advanced 0.7% on news from Reuters about the company's partnership with ByteDance to create an advanced artificial intelligence processor, which is happening amidst U.S. attempts to restrict crucial chip exports to China.
$Apple (AAPL.US)$ stock experienced a 0.17% increase, despite the European Commission's claim that the company's App Store policies violate EU technology regulations by preventing app developers from directing consumers to alternative offers.
$United Parcel Service (UPS.US)$ saw its stock value rise by 0.29% after the company announced the sale of its Coyote Logistics business to RXO, which saw its own shares jump by 14%, for a total of $1.025 billion.
$Eli Lilly and Co (LLY.US)$ 's stock appreciated by 0.72% following the announcement that its weight-loss drug Zepbound was effective in treating sleep apnea in up to 52% of patients.
$Trump Media & Technology (DJT.US)$ enjoyed a 6.3% increase in stock value, rebounding from the selloff experienced in the prior week.
Gapping down
$NVIDIA (NVDA.US)$ shares declined by 1.87%, continuing the selloff from the end of the previous week.
$Under Armour-A (UAA.US)$ 's stock decreased by 2.33% after the company announced a settlement of $434 million to resolve a 2017 class-action lawsuit that accused it of defrauding shareholders.
$ResMed (RMD.US)$ 's stock took a significant hit, dropping 10.65% after weekend results from a weight-loss drug trial brought into question the future demand for the company's sleep apnea treatments.
Source: CNBC; Investing.com
US Top Rating Updates on 06/24
![Today's Morning Movers and Top Ratings: AVGO, LLY, DJT, PLNT and More](https://ussnsimg.moomoo.com/sns_client_feed/77777018/20240624/4245d4080b0140468ddebd5b4e7d1e41.jpg?area=100&is_public=true/bigmoo)
Source: Dow Jones
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