Plug Power

The battery stock, Plug Power, saw a nearly 6% increase in premarket trading. The company recently projected a significant rise in revenue to approximately $6 billion by 2027, according to a regulatory filing.

Timken

Shares of Timken fell approximately 2% after a downgrade by Bank of America. Analyst Michael Feniger expressed concerns about inventories moving forward.

Take-Two Interactive

Take-Two Interactive Software experienced a 1% increase in premarket trading following an upgrade by Raymond James. The firm expressed optimism about the company’s near- and medium-term future, citing more consistent releases and reasonable valuation based on the upcoming Grand Theft Auto 6 release.

DaVita and Novo Nordisk

Shares of DaVita, a dialysis services provider, dropped 15% due to news of Novo Nordisk’s kidney disease treatment study showing the effectiveness of Ozempic. Conversely, shares of Novo Nordisk rose by 3.1%.

Exxon Mobil and Pioneer Natural Resources

Exxon Mobil’s premarket trading saw a decrease of more than 1% after announcing its agreement to acquire Pioneer Natural Resources for nearly $60 billion in an all-stock merger. Pioneer shares, on the other hand, rose by 2.5%. Exxon stated that production volume in the Permian Basin would more than double after the deal closes.

Contributors: HaberTusba’s Tanaya Macheel, Pia Singh, and Michelle Fox