Stocks making the biggest moves premarket: GS, SNPO, CRM

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Stocks making the biggest moves premarket: GS, SNPO, CRM

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and forecasts only 3% annual revenue growth through fiscal year 2027. Masimo — The health tech stock rose more than 2% following an upgrade to buy from hold at Stifel. Analyst Rick Wise said he sees “room for further share price appreciation,” citing as catalysts the bank’s business improvement and ****** margin expansion opportunities. Salesforce — Shares slid nearly 3% in premarket trading, following reports from the Wall Street Journal and Reuters that the software company is in advanced talks to acquire Informatica, a data management firm. Medical Properties Trust — Shares soared 14% after the real estate investment trust said that it would sell its majority interests in five Utah hospitals to a new ****** venture, with the deal coming to a total valuation of $886 million. Coupang — The South Korea-based e-commerce company climbed 2% following an upgrade to buy from neutral at Citi. The bank thinks there’s still room for Coupang’s margins to expand as the firm increases its subscription fees, anticipating little customer pushback due to its strong delivery service. Lockheed Martin — The aerospace and defense stock gained nearly 2% following an upgrade to overweight at JPMorgan. While the stock has underperformed this year, the bank expects a better

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from here on out as the company receives supplemental funding due to overseas geopolitical events. Cisco Systems — Shares of the technology giant added 2% following an upgrade to buy from neutral at Bank of America. Analyst Tal Liani sees upside for the stock, citing expected growth in the security and networking categories, as well as from Cisco’s recent acquisition of Splunk. Coty — Shares moved 1.3% higher after Canaccord Genuity initiated coverage of the beauty products company with a buy rating. The firm said Coty has significant growth opportunities and strong brands that keep consumers interested. Charles Schwab — The online brokerage fell 1% on the back of mixed first-quarter results. Schwab earned 74 cents, matching an LSEG estimate. Revenue came in at $4.74 billion, slightly above a consensus forecast of $4.71 billion. Snap One , Resideo Technologies — Snap One shares surged 30% after the provider of smart living products said it was going to be acquired by Resideo Technologies, a home automation company, for $10.75 per share in cash. The transaction is valued at roughly $1.4 billion, including net debt. Resideo shares jumped 5%. Tesla — Shares of the electric vehicle maker slid 1% after an internal memo cited by Reuters showed that the firm was planning to lay off more than 10% of its global workforce . “As we prepare the company for our next phase of growth, it is extremely important to look at every aspect of the company for cost reductions and increasing productivity,” Tesla CEO Elon Musk said in the memo. — CNBC’s Brian Evans, Michelle Fox, Sarah Min and Pia Singh contributed reporting.

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regwall-marketmovers,Tesla Inc,Logitech International SA,Logitech International SA,Masimo Corp,Medical Properties Trust Inc,Coupang Inc,Lockheed Martin Corp,Salesforce Inc,Coty Inc,Goldman Sachs Group Inc,Charles Schwab Corp,Snap One Holdings Corp,Resideo Technologies Inc,Cisco Systems Inc,Business,Breaking News: Markets,Stock markets,Economy,Markets,Market Insider,Breaking news,business news
#Stocks #making #biggest #moves #premarket #SNPO #CRM

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