Arm, Dropbox, Ford fall premarket; Micron, DoorDash rise
Investing.com -- U.S. futures traded marginally higher Monday, as investors hunkered down ahead of this week’s key Federal Reserve meeting.
Here are some of the biggest premarket U.S. stock movers today:
Arm Holdings (NASDAQ: ARM) stock fell 2.7%, continuing the company’s volatile ride since its float last week. While the stock also fell 4.5% on Friday, it’s still considerably above its listing price.
Micron (NASDAQ: MU) stock rose 1.9% after Deutsche Bank upgraded its rating on the tech company stock to ‘buy’ from ‘hold’, expecting it to benefit from renewed strength in a key line of random access memory chips.
Walt Disney (NYSE: DIS) stock rose 0.4% after Raymond James started coverage of the entertainment giant with an ‘outperform’ rating, saying the company's strong asset portfolio will help support a steady push toward streaming.
Ford (NYSE: F) stock fell 0.4% while General Motors (NYSE: GM) stock rose 0.1% with negotiators set to resume talks aimed at ending the United Auto Workers strike which has halted production at three plants in Michigan, Ohio and Missouri.
CCC Intelligent Solutions (NASDAQ: CCCS) stock rose 5% after Reuters reported that private equity firm Advent International is considering a sale of the auto software provider.
DoorDash (NYSE: DASH) stock rose 1.5% after Mizuho upgraded the online food delivery company to ‘buy’ from ‘neutral’, saying its growth should exceed consensus.
Dropbox (NASDAQ: DBX) stock fell 2.3% after William Blair downgraded its stance on the online storage platform to ‘market perform’ from ‘outperform’, citing "lackluster organic revenue growth prospects in 2024."