Today's Pre-Market Movers and Top Ratings | STLA, CVS, NIO and More

$NIO Inc (NIO.US)$ stock soared 14.4% after the Chinese electric vehicle manufacturer announced a significant $2 billion cash boost from existing shareholders.

$CVS Health (CVS.US)$ stock increased by 3.2% following reports from the Wall Street Journal that Glenview Capital, a major shareholder, is set to discuss potential business improvements with CVS's management.

$AT&T (T.US)$ stock rose by 1.1% after revealing its plan to sell a 70% stake in DirecTV to TPG, a private equity firm, for $7.6 billion.

$Autodesk (ADSK.US)$ stock climbed 0.8% after Morgan Stanley upgraded the software company to "top pick," highlighting expected accelerations in EPS and revenue growth alongside its appealing valuation.

$Stellantis NV (STLA.US)$ stock plummeted 13.4% after the auto giant cut its annual forecasts and announced higher than anticipated cash burn, attributing this to worsening industry trends, costly overhauls of its U.S. operations, and intensifying competition from Chinese electric vehicle makers.

$Ford Motor (F.US)$ and $General Motors (GM.US)$ saw stocks fall by 3.3% and 4.1%, respectively, affected by Stellantis' remarks on the surge of Chinese competition in the market.

$Boeing (BA.US)$ stock dipped by 0.9% following news that pay deal discussions with the International Association of Machinists and Aerospace Workers had broken off, with no further negotiation dates set.

$Procter & Gamble (PG.US)$ stock declined by 0.7% after Barclays downgraded its rating to "equal weight" from "overweight," pointing to the company’s significant exposure to markets experiencing slow growth or decline, including China.