Check out the companies making the biggest moves premarket: SpaceX — Shares were up 5% as the company prepared for it second day of trading on Monday. SpaceX in its debut at the Nasdaq on Friday rose 19% from its IPO price of $135 per share. Energy stocks —The group tumbled as U.S. oil prices fell 5% to near $80 per barrel following a U.S.-Iran deal that is set to reopen the Strait of Hormuz. APA and Devon Energy were both off more than 3.5%. Marathon Petroleum and EOG Resources were down 3%. Chevron and Exxon Mobil were also falling more than 2.5%. Airlines and cruise stocks — Beneficiaries of lower fuel prices rose in premarket trading on Monday. United Airlines was up more than 5%, while Delta Air Lines rose 4%. Norwegian Cruise Line and Carnival Corporation jumped 4.5%, while Royal Caribbean was up 4%. Paramount Skydance — The media conglomerate was up almost 5% after the U.S. Justice Department on Friday announced it approved Paramount’s acquisition of Warner Bros. Discovery . While the federal hurdle is clear, the company’s proposed merger could still see challenges at the state level. Fox Corporation , Roku — Fox shares sunk 12% after the company announced it was acquiring Roku for $160 per share, an 11% premium compared to the stock’s Friday close. The cash and stock transaction will build a company that is at the forefront of sports, news and streaming, Fox said in a press release. Roku shares rose 2%. Micron Technology — The memory and storage solutions company was up more than 7.5% as technology stocks rose amid the broader market rally and the stock received a price target hike from TD Cowen. Analysts at the firm now forecast the stock hitting $1,500, calling the role of memory in the artificial buildout as structural, not cyclical. Firefly Aerospace , Rocket Lab — The stocks were up on Monday after KeyBanc upgraded both of them to overweight. It came as Firefly and Rocket Lab fell 19% and 10%, respectively, on Friday after the SpaceX IPO led investors to move money from other aerospace names into the Elon Musk giant. Firefly was up 5% in premarket trading Monday, while Rocket Lab rose nearly 4%. Freeport-McMoRan — The miner was up 4% as gold prices rose more than 2.5% on Monday. Investors moved back into gold as a potential U.S.-Iran peace deal alleviated worries that the Federal Reserve may have to hike rates in the coming months to combat rising prices due to the conflict.
Stocks making the biggest moves premarket: SPCX, UAL, ROKU
