The Mobil logo and gasoline prices are displayed at a Mobil gas station in Los Angeles on October 28, 2022.
Mario Tama | Getty Images
Check out the companies making headlines when it comes to pre-market trading.
Plug in the power — Battery stock rose nearly 6% after the company forecast a big increase in revenue by 2027 to about $6 billion, according to a regulatory filing.
Timken — Shares fell about 2% following a downgrade of Bank of America from neutral to underperform, with analyst Michael Feniger noting concerns about stock performance.
Interactive Take-Two — Take-Two Interactive Software rose about 1% after Raymond James upgraded the stock to outperform and expressed optimism about its near-to-medium term future. The company cited a path to more consistent releases and reasonable valuation based on the company’s upcoming release of Grand Theft Auto 6.
DaVita, Novo Nordisk — Shares of the dialysis service provider fell 15% following news of Ozempic’s effectiveness in Novo Nordisk’s kidney disease treatment study. Shares of Novo Nordisk rose 3.1%.
Exxon Mobil, Pioneering natural resources — Exxon Mobil shares fell more than 1% in premarket trading after the company agreed to buy Pioneer for nearly $60 billion, or $253 per share, in a merger fully stock market. Meanwhile, shares of Pioneer rose 2.5%. Exxon said production volume in the Permian Basin would more than double after the deal was completed.
Human — Shares fell slightly after Humana announced that Bruce Broussard would step down as CEO in the second half of 2024.
Sherwin Williams — Shares of the paint company fell less than 1% after Sherwin-Williams announced that Heidi G. Petz will assume the role of chief executive officer starting Jan. 1, 2024. Petz will also continue in her role as president after assuming the role of CEO.
CSX — Stocks added nearly 2% after an upgrade to overweight JPMorgan. The company said CSX represents “the best near-term growth opportunity” among U.S. railroad stocks.
Amgen — The biotech stock rose 0.6% following an upgrade to outperform from Leerink Partners, with analyst David Risinger pointing to long-term revenue potential of $19.3 billion.
— CNBC’s Tanaya Macheel, Pia Singh and Michelle Fox contributed reporting.