US stock futures traded lower Monday, at the start of a busy week that will see the beginning of the new quarterly earnings season, News.Azreports citing Investing.
Here are some of the biggest premarket US stock movers today
Pfizer (NYSE:PFE) stock rose 3.4% after Bloomberg reported that activist investor Starboard Value has taken a stake of about $1 billion in the drugs giant, seeking to spur a turnaround of the struggling company.
Apple (NASDAQ:AAPL) stock fell 1.4% after Jefferies analysts downgraded its investment stance on the iPhone maker to “hold” from “buy”, citing concerns about the overestimated market expectations for the upcoming iPhone 16 and 17 models.
Pfizer and Arcadium Lithium rise premarket; Apple, Amazon and Netflix fall
