Check out the companies making headlines in pre-market deals: Kenvue – Neutrogena Maker jumped 4.5% after the company said CEO Thibaut Mongon had resigned. Kenvue said its board is conducting a strategic review of the company and is considering various alternatives, including simplifying the company’s portfolio. NCINO – Financial technology providers have won nearly 5% following their upgrade to outperform at Baird. Analyst Joewlwink cites a positive outlook as he highlights the potential benefits from recent initiatives. Rivian Automotive – Electric car companies have pulled back 1.3%. Guggenheim downgraded Libian to neutral from Monday’s notebook buy, while analyst Ronald Juizikow pointed out the possibility of softer, longer-term sales of R2 and R3 vehicles. Solaredge Technologies – The stock rose nearly 2% after Barclays upgraded Solaredge from underweight to equal weight. The bank said Sorared is poised to grow this year and next year despite forecasts that the overall market will shrink in 2026. Bitcoin Miners – All Bitcoin mining stocks were sophisticated early Monday after the largest cryptocurrency by market capitalization hit an all-time high of over $120,000. Shares in Riot Platforms, CleanSpark and Mara Holdings all rose more than 3%. ANSYS’ Synopsys – Shares in Semiconductor Design Company Synopsys added about 4% after Chinese regulators conditionally approved the purchase of ANSYS for $35 billion. ANSYS has skyrocketed by 6%. Affirmation – After BTIG downgraded the buy now, the stock fell 2.5%, paying neutral from buy to later companies, saying that underwriting slacking from prime lenders like Capital One and sync would hurt Fintechs such as assertions. Fastenal – Stocks rose 3% after quarter revenue exceeded analyst estimates. The industrial supply company won 29 cents per share, while the analysts voted by Factset were looking for 28 cents. – Reported by CNBC’s Michelle Fox, Sean Conlon and Sarah Min.
KVUE, RIVN, AFRM, SEDG etc.
