Boeing, HP and Novo Nordisk rise premarket; Tyson Foods falls

investing.com:

Investing.com — U.S. futures traded largely unchanged Monday, with last week’s positive sentiment diluted by Moody’s rating agency downgrading its outlook for the U.S. long-term credit rating.

Here are some of the biggest premarket U.S. stock movers today:

Boeing (NYSE:BA) stock rose 3.4% after Bloomberg News reported that China is mulling potentially resuming purchases of the planemaker's fast-selling 737 Max jets.

HP (NYSE:HPQ) stock rose 1.8% after Citigroup upgraded the computer hardware manufacturer to ‘buy’ from ‘neutral’, citing a favorable valuation, substantial cost reductions and the possibility for AI integration on PCs.

Micron (NASDAQ:MU) stock fell 0.9% after Chinese chipmaker Yangtze Memory Technologies filed a lawsuit against the U.S. rival alleging infringement of eight of its patents.

Robinhood (NASDAQ:HOOD) stock fell 0.1% after Google-parent Alphabet (NASDAQ:GOOGL) said it had dissolved its stake in the trading app operator, a few months after the tech giant slashed its stake in the company by nearly 90%.

Novo Nordisk (NYSE:NVO) stock rose 0.5% after the drugmaker presented data over the weekend showing that the heart protective benefits of its popular obesity drug Wegovy are not solely due to weight loss.

Plug Power (NASDAQ:PLUG) stock fell 3.4%, continuing Friday’s hefty losses after the hydrogen fuel-cell firm pulled its 2023 guidance, citing “unprecedented supply challenges.”

Tyson Foods (NYSE:TSN) stock fell 3% after the food processor announced the closing of two of its case-ready meat production facilities in the US.