Stocks making the biggest moves premarket: Intel, Crocs, Tesla, Groupon and more
Check out the companies making headlines in premarket trading: Groupon — Shares of the digital marketplace surged around 21% after the company’s full-year revenue guidance exceeded Wall Street’s expectations. Groupon issued a range of $493 million to $500 million, topping the consensus forecast of $491.5 from analysts polled by FactSet. The company also posted stronger fourth-quarter revenue than the Street anticipated. Intel — Shares jumped 8% after Reuters reported that TSMC has raised a joint venture proposal to U.S. chipmakers Nvidia , Advanced Micro Devices and Broadcom to operate Intel’s foundry division. Nvidia, AMD and Broadcom also popped before the bell. Crocs — The shoe stock popped 4.2% on the heels of Loop Capital’s upgrade to buy from hold. Loop said the stock’s valuation is attractive and has an entrance opportunity with the market volatility tied to tariff uncertainty. Nvidia — Shares added 2.3%. The megacap chipmaker and bull market leader has pulled back recently, with shares down around 13% in March and 19% in 2025. Tesla — The electric vehicle maker climbed 3.6%. That extended Tuesday’s gain seen after President Donald Trump signaled his intent to buy a Tesla and Morgan Stanley’s recommendation to buy shares on the dip. However, the megacap tech stock notched its worst session since 2020 on Monday with a plunge of more than 15%. Myriad Genetics — Shares popped 4.2% after Piper Sandler upgraded the genetic testing company to overweight from neutral, saying the new CEO can reset the business and provide reasonable expectations for investors. The $12.50 price target, raised from $11.50, suggests more than 20% upside. PepsiCo — The snack and beverage stock pulled back slightly after a downgrade to hold from buy at Jefferies. The investment firm said Pepsi’s stock has limited upside given struggles in its U.S. beverage business and in its Frito unit. Sunrun — The residential solar company saw shares falling 0.6% after Jefferies downgraded the stock to hold from a buy rating. The Wall Street firm said the lack of recovery in the solar industry coupled with persistent IRA uncertainty makes the company difficult to outperform. HubSpot — Shares of the customer platform provider advanced 2.8% on the back of a Barclays upgrade to overweight from equal weight. The firm said AI is unlocking new monetization opportunities for HubSpot, and that the company’s new pricing model should lead to a revenue reacceleration this year. — CNBC’s Yun Li, Hakyung Kim, Pia Singh, Jesse Pound and Sarah Min contributed reporting.
