Check out the companies making headlines in premarket trading. KKR , CrowdStrike , GoDaddy — Shares of KKR climbed more than 8%, while CrowdStrike and GoDaddy added 6% and 3%, respectively. All three companies will join the S & P 500 on June 24, as part of the index’s quarterly rebalance. The three stocks leaving the index are Robert Half , Comerica and Illumina , S & P Dow Jones Indices announced Friday. Those stocks were all lower in premarket trading. Shares of Dell Technologies and Palantir Technologies fell 1% and 3%, respectively, amid disappointment that the two stocks weren’t added to the index. AMD — Stock in the chipmaker slipped more than 2% following a downgrade from Morgan Stanley, with analyst Joseph Moore saying that Wall Street’s expectations for artificial intelligence benefits may be out of reach. DraftKings — The sports betting stock added 1.8% after Morgan Stanley reiterated its overweight rating and said shares were again worthy of a top-pick designation. Morgan Stanley said the stock can rally despite concerns around Illinois’ legalization of a sports betting tax. Nvidia — Shares were marginally lower ahead of the chipmaker stock’s first day of trading after its 10-for-1 stock split . Southwest Airlines — The airline stock rose more than 8% after The Wall Street Journal reported that activist Elliott Investment Management has built a large stake in the company. Carvana — Shares popped 3% after JPMorgan named the car marketplace a top pick, citing its strong execution in sourcing a broad array of vehicles at varied prices. ReNew Energy Global — The decarbonization stock surged nearly 7% after Morgan Stanley raised its price target on the firm and asserted that ReNew is “strongly positioned to play India’s energy transition, driven by its core renewable energy business and forays into module manufacturing and green hydrogen.” Planet Fitness — Stock in the fitness center chain advanced about 4% on the heels of an upgrade from Jefferies earlier on Monday. Analyst Randal Konik said “the stars have aligned” for Planet Fitness stock, adding that he expects strong franchise unit growth in 2025. — CNBC’s Michelle Fox, Alex Harring and Jesse Pound contributed reporting
https://www.cnbc.com/2024/06/10/stocks-making-the-biggest-moves-premarket-dkng-cvna-luv-plnt-and-more.html
