Today's Pre-Market Movers and Top Ratings | AAPL, PFE, ALTM, DD and More

$Pfizer (PFE.US)$ stock increased by 3.4% following a Bloomberg report that activist investor Starboard Value acquired approximately $1 billion in shares of the pharmaceutical giant, aiming to drive a turnaround for the company.

$Hims & Hers Health (HIMS.US)$ saw its stock rise by 5.4% after it was announced that the telehealth company would be joining the S&P SmallCap 600, replacing Vector Group, the fourth-largest American cigarette manufacturer.

$Arcadium Lithium (ALTM.US)$ stock surged 30% following an announcement from mining giant Rio Tinto about a "non-binding" proposal to acquire the lithium producer.

$Apple (AAPL.US)$ stock fell by 1.3% to $223.87 after Jefferies downgraded the iPhone maker from Buy to Hold, while raising the price target to $212.92 from $205 following the assumption of coverage. The analysts expressed appreciation for Apple Intelligence but noted in a research report that expectations for the iPhone 16 and iPhone 17 were overly optimistic.

$DuPont (DD.US)$ stock fell 1.8% to $86 after Barclays downgraded it from Equal Weight to Underweight and cut the price target from $88 to $84. Analysts cited recent high valuations and anticipated uncertainty in the coming quarters as reasons for potential underperformance.

$Mullen Automotive (MULN.US)$ stock dropped 4% following the company's announcement of cost-cutting measures, which include a 20% reduction in its workforce.