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Biggest premarket movers: GameStop, Nvidia, Airbnb, Viking, and others

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In the world of finance, some companies have been making headlines recently. GameStop saw its shares surge nearly 27% following the announcement of a successful stock sale that brought in around $933.4 million. Nvidia, a chipmaker, also experienced a 3% jump in its shares after a strong quarterly earnings report, with shares reaching over $1,000 for the first time. Norwegian Cruise Line Holding saw a 3% increase in its stock price after a buy rating upgrade from Mizuho, potentially benefitting from a shift in opinion after being targeted by short sellers. Similarly, Viking, a newly public cruise line operator, gained 1.1% after receiving positive coverage from Wall Street firms. Bank of America, UBS, and JPMorgan all issued favorable ratings for the company.

Airbnb, a popular short-term rental company, also saw a 1.5% increase in its shares after an upgrade to outperform by Wedbush. The firm cited strong travel demand and an attractive entry point for investors. DuPont, a chemicals company, experienced a 1.4% increase in its stock price after an upgrade to buy from neutral by Citi. The bank highlighted DuPont’s planned spinoff as a potential upside catalyst. Duolingo, an e-learning platform, rose 1% following an upgrade by JMP to market outperform, with a focus on the company’s new subscription tier and AI advancements. Huntington Bancshares, a regional bank, advanced over 1% after an overweight rating from JPMorgan, which cited onshoring benefits and growth potential.

In a major acquisition announcement, U.S. Cellular revealed that T-Mobile will acquire its wireless operations and 30% of its spectrum assets for $4.4 billion, leading to a more than 9% increase in U.S. Cellular’s shares. The deal is expected to close midway through 2025. Telephone & Data Systems, the majority owner of U.S. Cellular, also saw a 12% jump in its stock price. Elanco Animal Health, formerly part of Eli Lilly, rose over 1% after the FDA approved its methane-reducing feed ingredient, Bovaer, meeting safety and efficacy requirements.

Overall, the financial market has been lively with various companies experiencing significant movements in their stock prices due to earnings reports, upgrades, and acquisition announcements. Investors are closely monitoring these developments as they seek opportunities for growth and success in their portfolios. It is essential to stay informed about the latest news and trends in the financial world to make informed investment decisions and capitalize on potential opportunities for profit.

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