Oracle, Novo Nordisk, Hims & Hers Health, Kroger and more
Check out the companies making headlines before the bell. Oracle — Shares rose 2% after the technology firm received an upgrade to buy from neutral from DA Davidson. ” We believe that a revamped OpenAI will return to its position as Google’s top challenger and with a fresh stack of capital be able to live up to its obligations this year, including to Oracle,” DA Davidson analysts wrote in a note to clients. STMicroelectronics — The semiconductor firm gained 7% after announcing an expanded, multi-billion-dollar partnership with Amazon Web Services to support infrastructure for cloud and AI data centers. Kroger — Shares jumped nearly 5% after the Wall Street Journal reported the grocery store chain is preparing to name former Walmart executive Greg Foran as its next CEO. Novo Nordisk , Hims & Hers Health — Novo Nordisk rose roughly 5% as Hims & Hers pulled its copycat weight-loss pill off the market after Novo had threatened legal action against the telehealth firm. Hims & Hers’ stock sank 18%.
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