Check out the companies making headlines in pre-market trading. Tesla — The electric car stock fell 1.5% in premarket trading after rising 6% on Monday, ahead of the company’s second-quarter delivery data set to be reported on Tuesday morning. Atlassian Corporation — Shares of Atlassian Corporation rose nearly 2% after Piper Sandler upgraded the company to “overweight.” Analyst Rob Owens believes software stocks are likely to grow as consumers migrate data to the cloud. Owens added that the stock’s current price makes it an attractive entry point for investors. Paramount Global — Shares of the traditional media company rose more than 3% following news that its streaming unit is in talks with several companies about a potential merger. According to previous reports from CNBC, Warner Bros. Discovery is one of the participants, and Paramount+ may merge with Max. DR Horton, Lennar Corporation — Both homebuilding stocks fell more than 2% on Tuesday after Citi downgraded them to neutral. Analyst Anthony Pettinari noted, “There’s a lot to like about DHI and LEN (equity gains, strong cash flow, resilient GM), and we think the risks and rewards in 2H are roughly balanced, And on the sidelines. Crowdstrike Holdings — Shares of the cybersecurity company fell 2% after Piper Sandler downgraded the stock to neutral from overweight, saying the valuation is high and there are no catalysts for further gains in the near term. CNBC’s Samantha Subin and Hakyung Kim contributed reporting
