Stocks with the largest movements before the market opens: Netflix, Soleno Therapeutics, Strategy and others

Market Movements This Morning

Here’s a look at the companies making notable pre-market shifts:

Netflix: The streaming service saw a rise of 1.5%. This follows an upgrade from Goldman Sachs, which shifted its rating from neutral to buy. The bank believes Netflix will continue to excel in content development and might start returning capital to shareholders over several years.

Soleno Therapeutics: Shares jumped nearly 40% after Neurocrine Biosciences announced its agreement to acquire the company for $53 per share in cash, valuing the deal at around $2.9 billion. Neurocrine aims to enhance its drug portfolio and solidify its standing in endocrinology and rare diseases.

Twilio: The company’s shares increased by over 3% after Jefferies upgraded its rating from hold to buy. They noted Twilio’s potential role in advancing voice artificial intelligence.

Mara, Strategy, Coinbase: With Bitcoin prices rising over 1% to surpass $69,000 in Monday trading, companies linked to cryptocurrency saw gains as well. Mara surged more than 2%, Strategy experienced a nearly 4% increase, and Coinbase’s shares went up over 3%.

Oil Stocks: Western Texas Intermediate crude oil futures dipped slightly on Monday amid developments in the U.S.-Iran conflict. Consequently, Halliburton, EOG Resources, Diamondback Energy, and ConocoPhillips each saw a 1% drop.

Carvana: Shares fell almost 2% after Bank of America downgraded the stock from buy to neutral. The bank foresees a challenging macro environment for Carvana in 2026, citing rising energy costs that could further strain low- and middle-income consumers, along with uncertainty around interest rates.

Dow, LyondellBasell Industries: Both companies’ stocks dropped after Bank of America downgraded them from neutral to underperform. The bank criticized the chemical company’s strong year-to-date performance, which they’ve attributed to seeming unsustainable boosts from the Iran conflict. The Dow fell by more than 2.5%, while LyondellBasell decreased nearly 4%.

Memory Stocks: Following last week’s steep selloff, memory stocks—which were among the top performers of 2026—continued their rally. SanDisk and Micron surged over 3%, and Western Digital went up by more than 2%. Seagate Technology also rose by over 2.5%, riding a bull market and gaining recognition from Morgan Stanley as a top stock.

Amkor Technology: Shares rose more than 3% after Melius Research acquired additional shares. The firm mentioned that semiconductor packaging companies could benefit as customers venture beyond Taiwan Semiconductor Manufacturing to evade supply chain issues and bottlenecks.