PepsiCo, Rivian and Honeywell rise premarket; Jupiter, Corning fall By Investing.com

Investing.com  |  Writer Peter Nurse

Revealed Oct 10, 2023 07:37AM ET

Investing.com — U.S. futures rose Tuesday, boosted by dovish feedback from a few Fed officers, with plenty of their colleagues set to remark later within the session.

Listed here are a few of the largest premarket U.S. inventory movers in the present day:

  • PepsiCo (NASDAQ:PEP) inventory rose 0.8% after the delicate drinks big raised its annual revenue forecast for a 3rd time this 12 months, as greater pricing helped offset a drop in volumes.

  • Unity Software program (NYSE:U) inventory rose 5.6% after the video-game software program maker stated its CEO John Riccitiello would retire within the wake of a controversial pricing change that annoyed quite a few builders.

  • Rivian (NASDAQ:RIVN) inventory rose 3% after UBS upgraded its stance on the EV producer to ‘purchase’ from ‘impartial’, seeing a possible shopping for alternative following the latest selloff.

  • Corning (NYSE:GLW) inventory fell 2.4% after JPMorgan downgraded the expertise firm to ‘impartial’ from ‘chubby’, seeing appreciable draw back to present consensus earnings estimates.

  • Juniper Networks (NYSE:JNPR) inventory fell 3.5% after JPMorgan downgraded the networking {hardware} producer to ‘impartial’ from ‘chubby’, calling the corporate essentially the most challenged on a relative foundation amongst its networking friends.

  • Honeywell (NASDAQ:HON) inventory rose 1.2% after the commercial conglomerate introduced plans to restructure its enterprise operations to 3 segments down from 4 to spice up gross sales development and reallocate capital.

  • Lexicon Prescribed drugs (NASDAQ:LXRX) inventory rose 9% after the group stated its coronary heart failure drug had acquired most well-liked standing at Specific Scripts, the pharmacy advantages administration unit of Cigna (NYSE:CI).

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