Check out the companies making headlines before the bell. GameStop — Shares surged nearly 27% following the company’s announcement Friday that it had made around $933.4 million from a stock sale. The company sold 45 million common shares. Nvidia — The chipmaker jumped 3% premarket, continuing its post-earnings rally after its quarterly earnings report Wednesday. Shares soared 15% last week, breaking above $1,000 for the first time. Norwegian Cruise Line Holding — The cruise stock rose 3% following an upgrade to buy from neutral at Mizuho. The investment firm said Norwegian could benefit from a shift in opinion after being a target of short sellers in recent years. Viking — Shares gained 1.1% after a slew of Wall Street firms initiated coverage of the newly public cruise line operator, which made its debut on the New York Stock Exchange on May 1. Bank of America initiated coverage of Viking with a buy rating, citing its “singular brand and clear niche.” UBS also gave it a buy rating, saying it’s a “pure play in luxury travel.” JPMorgan issued an overweight rating on the stock. Airbnb — Shares of the short-term rental company added 1.5% following an upgrade by Wedbush to outperform. The firm said there has been strong travel demand and Airbnb’s recent underperformance provides an attractive entry point. DuPont — Shares gained 1.4% after Citi upgraded the chemicals company to buy from neutral. The bank said DuPont’s planned spinoff of its water and electronics business could provide an upside catalyst. Duolingo — The e-learning platform rose 1% following an upgrade by JMP to market outperform from market perform. Analyst Andrew Boone said Duolingo Max, the company’s new subscription tier, could drive shares higher. Boone also highlighted tailwinds from AI. Huntington Bancshares — The regional bank advanced more than 1% on Tuesday morning after JPMorgan upgraded shares to overweight from neutral. JPMorgan is bullish on onshoring benefits and organic growth potential. U.S. Cellular — Shares popped more than 9% after the company announced T-Mobile will acquire U.S. Cellular’s wireless operations and 30% of spectrum assets for $4.4 billion. The deal is expected to close midway through 2025. T-Mobile shares were flat. — CNBC’s Jesse Pound, Sarah Min and Michelle Fox contributed reporting.
https://www.cnbc.com/2024/05/28/stocks-making-the-biggest-moves-premarket-gme-nvda-abnb-vik.html
