Stocks making the biggest moves premarket: DNUT, CNK, WDC

Check out the companies making headlines before the bell. Shockwave Medical’s stock rose 1.6% after Johnson & Johnson announced it would acquire the company for $12.5 billion, boosting J & J’s portfolio of cardiovascular disease treatment devices. Krispy Kreme saw a 5% surge in premarket trading after a stock upgrade from Piper Sandler, citing a major growth move after a recent partnership with McDonald’s. Cinemark’s shares increased nearly 5% following a double upgrade from Wells Fargo, pointing to rising demand and positive industry outlook. Altice USA’s stock dropped nearly 6% after a downgrade from Wells Fargo based on skepticism about its M & A prospects. Ollie’s shares added over 2% after an upgrade from Loop Capital, citing its cheap valuation and growth potential. Public Storage rose 1% after an upgrade from Wells Fargo, listing it as a top idea in storage. Scotts Miracle-Gro slipped 0.8% after a downgrade from Truist, which stated that much of the near-term good news is already priced into the stock. Fox Corporation Class A rose 1% following an upgrade from Seaport Research, highlighting strong ad spending and the company’s healthy balance sheet. Western Digital’s stock increased nearly 3.5% after an upgrade from Rosenblatt Securities, which cited a rise in prices for a key type of memory chip. Snowflake gained 1.4% after an upgrade from Rosenblatt Securities, pointing to healthy customer interest. Agilent Technologies rose over 1% after an upgrade from Stifel, based on good instrument demand and an attractive valuation.

Some companies making headlines in the premarket trading session include Shockwave Medical, Krispy Kreme, Cinemark, Altice USA, Ollie’s, Public Storage, Scotts Miracle-Gro, Fox Corporation Class A, Western Digital, Snowflake, and Agilent Technologies. Shockwave Medical saw a 1.6% increase in its stock price after Johnson & Johnson announced its acquisition for $12.5 billion. Krispy Kreme surged 5% following an upgrade by Piper Sandler. Cinemark increased nearly 5% after a double upgrade by Wells Fargo. Altice USA dropped nearly 6% after a downgrade by Wells Fargo. Ollie’s saw a 2% increase after an upgrade by Loop Capital. Public Storage rose nearly 1% following an upgrade by Wells Fargo. Scotts Miracle-Gro slipped 0.8% after a downgrade by Truist. Fox Corporation Class A rose 1% after an upgrade by Seaport Research. Western Digital increased almost 3.5% after an upgrade by Rosenblatt Securities. Snowflake gained 1.4% following an upgrade by Rosenblatt Securities. Agilent Technologies rose more than 1% after an upgrade by Stifel.

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