Stocks making the biggest moves premarket: JPMorgan Chase, Coinbase, Redfin, Novo Nordisk
Check out the companies making headlines in premarket trading. Bank stocks — Shares of major banks were under pressure Monday as worries over a possible U.S. economic slowdown weighed on them. JPMorgan Chase dropped more than 1% along with Citigroup , Wells Fargo , Bank of America , Morgan Stanley and Goldman Sachs . DoorDash , Coinbase — DoorDash added 3% on news that the food delivery company will join the S & P 500 effective March 24. Coinbase, meanwhile, shed 5% after being snubbed for inclusion in the index. Samsara — The software stock added 1.6% following an upgrade to overweight from Piper Sandler . Analyst James Fish forecast that recent selling pressure on the stock is largely overdone. Redfin — The real estate brokerage skyrocketed more than 75% in the premarket after announcing plans to be acquired by Rocket Companies in a $1.75 billion all-stock deal. The deal is expected to close in the second or third quarter of this year. Nvidia — Shares of the chipmaker pulled back 2% before the bell. That adds to recent woes for the megacap tech stock, with shares down more than 9% just last week and around 16% this year. Cracker Barrel — The restaurant brand ticked up 1.2% after Truist upgraded Cracker Barrel to buy, with the firm citing the company’s turnaround plans yielding results over the last two quarters. Tesla — The electric vehicle company slipped 2%, continuing its recent slide. Tesla is now in the cusp of erasing its post-election gains. Oracle – Shares of the database software company fell nearly 2% ahead of its earnings results due out after the bell on Monday. The stock has shed nearly 7% this year and more than 13% in the past month. Novo Nordisk — The Danish pharmaceutical company slipped more than 6% after trial results for its weight-loss drug CagriSema showed the treatment yielded a smaller impact for patients than previous tests. Palantir Technologies — The stock dropped 4%, adding to its recent struggles as the broader market sells off. Over the past month, Palantir shares have tumbled more than 27%. — CNBC’s Alex Harring, Sean Conlon and Michelle Fox contributed reporting
