The stock market is always buzzing with activity, and today is no different. Let’s take a look at some of the companies making headlines before the bell:
Yum China – Shares rose more than 3% as the Chinese restaurant conglomerate announced new financial targets and plans to expand to 20,000 restaurants by 2026.
AMC Entertainment – The movie theater chain saw a 5% jump in premarket trading after completing an equity offering, raising about $325.5 million.
Etsy – The e-commerce retailer’s shares added 4% after being upgraded by Wolfe Research to an outperform rating.
Semtech – Despite offering a less-than-expected forecast, the semiconductor stock rose 1% in early trading.
Penn Entertainment – The sports betting stock climbed 3% following a buy call from Deutsche Bank.
First Solar – BMO Capital Markets upgraded shares, causing the stock to rise about 2%.
Exxon Mobil and Chevron – Oil prices reaching their highest levels of the year led to gains for these energy companies, along with Occidental Petroleum and Devon.
HP – Shares fell more than 3% after Berkshire Hathaway sold a portion of its stake in the printer and PC maker.
General Motors and Ford – The automakers’ shares were up fractionally as the possibility of a strike loomed if a contract agreement couldn’t be reached.
These are just a few of the many companies making waves in the market today. Stay tuned for more updates as the day unfolds. Stay informed and stay on top of the latest market news.
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