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Today's Pre-Market Movers and Top Ratings | GOOGL, MU, BABA and More

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Movers and Shakers wrote a column · Oct 9, 2024 20:17
Morning Movers
Gapping up
$T-Mobile US (TMUS.US)$ Barclays analyst Kannan Venkateshwar maintains T-Mobile US with buy rating, and raises the target price from USD200 to USD215. Shares rose by 0.2% in premarket trading.
$Arcadium Lithium (ALTM.US)$ stock soared 30.1% after mining giant Rio Tinto agreed to acquire its US peer in a $6.7 billion all-cash deal, representing a premium of 90% to Arcadium's closing price on October 4.
$Gitlab (GTLB.US)$ stock rose 6.7% after Morgan Stanley initiated coverage of the software company with an overweight rating, seeing the company as the next enterprise platform story.
Gapping down
$Micron Technology (MU.US)$ KeyBanc analyst John Vinh maintains Micron with buy rating, but adjusts the target price from USD145 to USD135. Shares fell by 0.3% in premarket.
$Alphabet-A (GOOGL.US)$ stock fell 0.7% as the Department of Justice considered possible sanctions against Alphabet-owned Google, including a break-up of the search giant, following a landmark antitrust case that found the group guilty of abusing its dominant market position.
$Alibaba (BABA.US)$ stock fell 3.2%, and $PDD Holdings (PDD.US)$ lost 3.6% as U.S.-listed shares of Chinese firms dropped for a second day, due to a lack of new stimulus measures.
$Boeing (BA.US)$ stock fell 1.7% after the aircraft manufacturer withdrew an offer to the International Association of Machinists and Aerospace Workers and suspended negotiations with the union after a nearly month-long strike.
Source: CNBC; Investing.com
US Top Rating Updates on 10/9
Today's Pre-Market Movers and Top Ratings | GOOGL, MU, BABA and More
Source: TipRanks
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