Today's Morning Movers and Top Ratings | GME, MS, DJT and More

$Williams-Sonoma (WSM.US)$ The home furnishing company saw its shares increase by 2.8% following an upgrade from Jefferies to 'buy' from 'hold.' Jefferies highlighted "hidden gems" in the company's portfolio that could benefit from even a modest recovery in the housing market.

$Viking Therapeutics (VKTX.US)$ Shares of the biotech company soared more than 4.2% as JPMorgan initiated coverage with an 'overweight' rating. The firm cited an upcoming data readout in November as a positive catalyst and set a price target at $80, implying more than a 40% upside.

$Trump Media & Technology (DJT.US)$ shares fell 14.4% in Wednesday's premarket trading for Donald Trump's company, which owns Truth Social, as betting odds favored a victory for Democratic candidate Kamala Harris following a contentious presidential debate.

$GameStop (GME.US)$ The video game retailer's shares plunged more than 12.2% in premarket trading following a report of a steep decline in sales, with revenue dropping more than 20% to $798 million from $1.16 billion a year ago. The company also announced an "at-the-market" stock offering of up to 20 million shares.

$Novartis AG (NVS.US)$ U.S.-listed shares of this Swiss pharmaceutical company decreased by 2.4% after a downgrade by Bank of America from 'buy' to 'hold', citing fewer growth catalysts ahead.

Stocks linked to the price of bitcoin, including $Coinbase (COIN.US)$ and $MicroStrategy (MSTR.US)$ , fell 2.8% and 3% respectively.

$Morgan Stanley (MS.US)$ Shares of the major bank declined by more than 1% following a downgrade by Goldman Sachs to 'neutral' from 'buy', noting that Morgan Stanley appears expensive compared to its peers.