Check out the companies making headlines in premarket trading. Trump Media & Technology – Shares rose more than 1%, extending an 11% gain since Friday. The stock rose as much as 25% in the previous session after Republican nominee and majority owner Donald Trump said at a press conference at his California golf club on Friday afternoon that he was “not selling” his stake. Following his comments, trading was halted twice due to volatility during the session. Upstart Holdings – Personal finance shares fell more than 4% after Upstart announced a $300 million loan. The company said it will sell the convertible notes in 2029 and use the proceeds to repurchase certain other securities and other uses for general corporate purposes. Apple – The tech stock fell more than 2% following analyst reports that early shipping data may indicate softer demand for iPhone 16 Pro models. Bausch + Lomb — The contact lens provider rose 11.5% after the Financial Times reported that the company was involved in a potential sale. According to the FT, Bausch + Lomb is expected to catch the eye of private equity. The aluminum giant rose 1.4% after announcing the sale of its stake in the Alcoa-Ma’aden mining joint venture. Alcoa will give up its 25.1% ownership position for about $1.1 billion. Intel – Semiconductor stock rose 1.3% before the bell. Bloomberg reported late Friday that Intel will qualify for a $3.5 billion grant to develop chips for the U.S. military. Micron Technology – The semiconductor stock fell 2.8% after Morgan Stanley cut its price target from $40 to $100. Morgan Stanley’s new target is less than 10% from Friday’s close. ASE Technology – The semiconductor packager was on the heels of a Morgan Stanley upgrade of 1.7% from equal-weight to overweight. ASE is a defensive designation that also has a developmental potential linked to artificial intelligence. Colgate-Palmolive – The consumer packaged goods maker fell 1.5% after Wells Fargo cut its weight from equal weight. Wells Fargo said growth should normalize after what it called an “epic run.” Partner, Synchrony Financial – Financial stocks each lost about 1% following BTIG’s downgrade from buy to neutral. The company also dropped the name, which was a top pick for Alli in the second half of the year. Sprouts Farmers Market – organic-focused retailer Evercore advanced 1.2% on the back of an upgrade in the ISI. Evercore ISI says Sprouts should benefit from the broader healthy eating trend. Yelp – Shares fell 1.7%. Bank of America initiated coverage of Yelp with an underperform rating, saying declining usage will continue to hurt the company’s growth outlook. The Wall Street firm’s $30 price objective represents a 12% slide from Friday’s close. Zillow — Real estate stocks rose more than 2% after an upgrade from neutral to neutral from Wedbush. Falling mortgage rates combined with a booming software and services business could fuel a rally for Zillow, the investment firm said. — CNBC’s Jesse Pound, Sarah Min, Sean Conlon and Samantha Subin contributed reporting
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