Check out the companies that are trending in pre-market trading. Micron Technology — Shares rose about 1.1% after Bank of America raised its price target on the chipmaker, saying analysts expect demand for high-bandwidth memory technology to grow to more than $20 billion by 2027. I’m predicting. 3M — The company’s stock price rose nearly three shares. % Monday. 3M completed the spinoff of its healthcare company Solventum and announced final approval of a $10 billion settlement with public water suppliers in chemical litigation. JB Hunt Transport , CH Robinson — Trucking stocks retreated after Barclays cut its stock price on Monday. Analyst Brandon Oglensky worries that “an oversupply of truckload capacity in North America is driving down rates and lower profitability for many carriers.” Barrick Gold, Royal Gold — The gold miner and gold royalty company rose 2% and 1.7%, respectively. The move comes after gold rose to a record high on Monday on growing expectations that the U.S. Federal Reserve could cut interest rates as early as June. . Devon Energy — The oil and gas producer added 1.4% after upgrading Wells Fargo from equal weight to overweight. Wells Fargo expects the company to turn around soon and says the stock is at a good entry point for investors. Delta Air Lines — Shares rose about 2% after Morgan Stanley named the Atlanta-based airline’s stock a top stock for 2024. The airline said Delta’s focus on more premium services will help it outperform its peers. AT&T — Shares of the telecommunications company fell more than 2% after the company announced it was investigating a data breach that exposed the information of more than 7 million customers on the dark web. MicroStrategy — Shares of his cloud services company fell more than 5% after Executive Chairman Michael Saylor sold his nearly 4,000 shares of MicroStrategy stock last week, according to a regulatory filing. Tesla — The electric car maker’s stock rose less than 1% after a previously announced price increase for the Model Y took effect Monday. UPS — Shares rose nearly 2% on news that the carrier will become the U.S. Postal Service’s primary air cargo provider. —CNBC’s Lisa Kai-Lai Hung, Jesse Pound and Alex Harring contributed reporting
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