Stocks making the biggest moves premarket: EchoStar, Eli Lilly, Advanced Micro Devices & more
Check out the companies making headlines before the bell. EchoStar — The telecommunications stock surged 66% after AT & T said it would buy some wireless spectrum licenses from EchoStar for $23 billion. AT & T said that the transaction should close sometime in mid-2026. Shares of AT & T were last trading less than 1% higher. Eli Lilly — The pharma giant rose 2% after the company’s weight loss pill, orforglipron, cleared another late-stage trial . The higher dose of the pill helped patients lose 10.5% of their weight on average at 72 weeks, compared to just 2.2% weight loss in the placebo group. Canada Goose , V.F. Corporation , Rocky Brands — The retail stocks all traded higher after being upgraded to outperform by Baird. Canada Goose popped nearly 6%, while VF Corp and Rocky Brands added around 3% each. Advanced Micro Devices — The semiconductor stock gained 2% following an upgrade to buy from hold at Truist. Analyst William Stein noted that hyperscale customers have been increasingly partnering with the company and “expressing true interest in deploying AMD at scale.” Oklo — Shares popped nearly 3% after Bank of America initiated the nuclear tech company at a buy rating. Analyst Dimple Gosai said that nuclear is an industry that is regaining momentum, and Oklo looks especially “well-positioned to meet the rising energy needs of AI.” International Brokerage Group — The brokerage stock added 4% following an announcement that it would replace Walgreens Boots Alliance in the S & P 500. Constellation Brands — Shares shed 2% after Bank of America downgraded the alcoholic beverage producer to an underperform rating from neutral. The bank said that Constellation’s sales and margins could be impaired by further downside potential in beer industry consumption. — CNBC’s Alex Harring and Fred Imbert contributed reporting.
