Today's Morning Movers and Top Ratings: PARA, CRWD, LEN, PYPL and More

$Paramount Global-B (PARA.US)$ 's stock increased by 3.85% following a report from the New York Times that billionaire Barry Diller is considering a takeover bid for the company after the studio he used to lead withdrew from a merger with Skydance Media.

$PayPal (PYPL.US)$ shares rose by 1.39% after Susquehanna raised its rating from Neutral to Positive.

$Tesla (TSLA.US)$ 's stock declined by 1.64% as the electric vehicle manufacturer's June sales in China dropped 24.2% compared to the previous year, according to the China Passenger Car Association.

$Boeing (BA.US)$ 's stock saw a decrease of 0.35% after reports by the Associated Press that the U.S. Justice Department is anticipating the company's acceptance of a plea deal to resolve felony fraud charges associated with two deadly crashes of its 737 Max airplanes.

$Carnival (CCL.US)$ 's stock went down by 1.02%, and Norwegian Cruise Line's shares fell by 1.2% amid concerns that Hurricane Beryl's progression through the Caribbean could disrupt cruise operations.

$Polestar Automotive (PSNY.US)$ experienced a 5% drop in stock value after announcing a first-quarter operating loss and the necessity to counteract significant EU and U.S. import tariffs on its electric cars manufactured in China.

$Pure Storage (PSTG.US)$ 's stock declined by 5% after UBS downgraded the data storage company to "sell" from "neutral" due to worries about decelerating growth, market share losses, and an overpriced stock value.

$CrowdStrike (CRWD.US)$ 's stock decreased by 2.36% after Piper Sandler changed its rating on the cybersecurity company to "neutral" from "overweight," mentioning valuation concerns and a less "favorable" risk/reward balance.

$Incyte (INCY.US)$ 's stock fell by 3.3% after BMO Capital Markets downgraded the pharmaceutical company to "underperform" from "market perform." The downgrade was based on projections of challenged revenue from its leading eczema cream, Opzelura.

$D.R. Horton (DHI.US)$ $Lennar Corp (LEN.US)$ The stocks of home construction companies D.R. Horton and Lennar Corporation both dropped over 2% following a downgrade to neutral from Citi. Analyst Anthony Pettinari commented that the risk and reward for the second half of the year are seen as roughly balanced, leading to a neutral stance.