Procore signs multi-year strategic collaboration agreement with AWS
Investing.com -- U.S. stock futures fell Monday after President Donald Trump announced additional tariffs on imports from Mexico and the European Union, raising concerns over a global trade war.
Here are some of the biggest premarket U.S. stock movers today:
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Autodesk (NASDAQ:ADSK) stock rose 6.9% after Bloomberg reported that the software provider has abandoned its pursuit to acquire software firm PTC (NASDAQ:PTC), an acquisition which would have been one of the largest deals of the year.
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Fastenal (NASDAQ:FAST) stock rose 3.3% after the industrial supplies maker beat Wall Street estimates for second-quarter profit and revenue, helped by higher demand for its safety supplies.
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Mink Therapeutics (NASDAQ:INKT) stock slumped 30% after William Blair downgraded its stance on the company to “market perform” from “outperform” following its spectacular rally in the wake of a positive trial result for its testicular cancer drug.
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Kenvue (NYSE:KVUE) stock rose 5.4% after the consumer health company’s CEO and board member Thibaut Mongon stepped down, its second big executive change amid a push by activist investors to boost performance.
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Stitch Fix (NASDAQ:SFIX) stock rose 8.6% after William Blair upgraded the personal styling company to “outperform” from “market perform”, expressing confidence in its ability to continue bolstering active client growth.
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Affirm Holdings (NASDAQ:AFRM) stock fell 2.8% after BTIG downgraded the financial services company to “neutral” from “buy”, citing ongoing pressures on its margins.
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Waters (NYSE:WAT) stock fell 13% after the lab equipment maker announced it will merge with larger rival Becton Dickinson and Co’s (NYSE:BDX) Biosciences & Diagnostic Solutions business in a $17.5 billion deal.
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CrowdStrike (NASDAQ:CRWD) stock fell 2.4% after Morgan Stanley (NYSE:MS) downgraded the cybersecurity company to “equal weight” from “overweight”, citing an expensive valuation.
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Coinbase Global (NASDAQ:COIN) stock rose 1.5%, with the cryptocurrency exchange benefiting from the surge in bitcoin, the most popular digital currency, to new record levels.