Today's Pre-Market Movers and Top Ratings | NKE, FDX, LEN, BAC and More

$Nike (NKE.US)$ stock rose 7.4% after the athletic apparel firm announced that Chief Executive John Donahoe is set to step down from the position next month.

$FedEx (FDX.US)$ stock slumped 13% after the logistics group cut its full-year guidance and reported fiscal first-quarter earnings that fell well short of Wall Street expectations.

$PepsiCo (PEP.US)$ stock fell 1.1% after Morgan Stanley downgraded its stance on the soft drinks giant to “equal-weight” from “overweight”, citing the risk of US revenue growth.

$Bank of America (BAC.US)$ stock fell 0.3% after Berkshire Hathaway resumed sales of the bank's stock in recent days, unloading about $900 million worth of shares and dropping its stake to $34 billion, or 10.8% of the shares outstanding.

$Trump Media & Technology (DJT.US)$ Group stock fell 4.8%, extending the sharp losses in recent weeks fueled by worries about the end of so-called lock-up period related to its stock market debut in March.

$Apple (AAPL.US)$ stock fell 0.45% after iPhone 16 resale prices on September 20, the first day of shipment, have “collapsed within the first three hours of trading,” according to analysts at Jefferies.

$Lennar Corp (LEN.US)$ stock fell 3.5% despite the homebuilder reporting better-than-expected third-quarter results as new home orders increased amid strong housing demand.