Check out the companies making headlines before the market opens. GameStop — Shares of GameStop soared nearly 27% after the company announced on Friday that it generated approximately $933.4 million in proceeds from stock sales. The company sold 45 million shares of common stock. NVIDIA – Shares of the chip maker were up 3% in premarket trading, continuing their gains after reporting quarterly earnings on Wednesday. Shares soared 15% last week, surpassing $1,000 for the first time. Norwegian Cruise Line Holding — The stock rose 3% after Mizuho upgraded the cruise line stock to “buy” from “neutral.” Norwegian Air, which has been targeted by short sellers in recent years, could benefit from a shift in perspective, the investment firm said. Viking – Numerous Wall Street firms reported on the newly public cruise operator, which debuted on the New York Stock Exchange on May 1, sending its shares up 1.1%. , citing its “single brand and clear niche.” UBS Group AG also has a buy rating, calling it “pure luxury travel.” JPMorgan Chase & Co. has an overweight rating on the stock. Airbnb — Shares of the short-term rental company rose 1.5% after Wedbush upgraded the company to outperform. The company said travel demand is strong and Airbnb’s recent poor performance provides an attractive entry point. DuPont Co. — Shares of DuPont rose 1.4% after Citi upgraded its rating on the chemicals company to “buy” from “neutral.” DuPont’s plans to divest its water and electronics businesses could provide an upside catalyst, the bank said. Duolingo — Shares of the e-learning platform rose 1% after JMP upgraded the stock to “outperform” from “market perform.” Analyst Andrew Boone said the company’s new subscription tier, Duolingo Max, could push shares higher. Boone also emphasized the push for artificial intelligence. Huntington Bancshares – Shares of the regional bank rose more than 1% on Tuesday morning after JPMorgan upgraded the stock to overweight from neutral. JPMorgan Chase is optimistic about onshore benefits and organic growth potential. US Cellular — Shares of US Cellular rose more than 9% after the company announced that T-Mobile would acquire US Cellular’s wireless business and 30% of its spectrum assets for $4.4 billion. The transaction is expected to close in mid-2025. —CNBC’s Jesse Pond, Sarah Min and Michelle Fox contributed reporting.
