Boeing, Paramount Global, Corning rise premarket; Exxon Mobil, Tesla fall By Investing.com

Investing.com – U.S. stocks traded in a tight range on Monday as traders awaited the release of key inflation data and Fed Chairman Jerome Powell’s testimony before Congress this week.

Here are some of the biggest premarket US stock gainers today:

  • Shares of Boeing (NYSE: ) rose 0.7% after the planemaker agreed to plead guilty to a charge of conspiracy to commit criminal fraud to end a U.S. Justice Department investigation into two fatal 737 MAX plane crashes. The manufacturer paid a $243.6 million fine.

  • Shares of Paramount Global (NASDAQ:) rose 3% after Skydance Media agreed to acquire the entertainment giant in a deal valued at more than $8 billion.

  • Shares of Corning (NYSE: ) rose 7.1% after the specialty glass maker raised its second-quarter revenue and profit guidance following strong performance from its new optical connectivity products for generative AI.

  • Tesla (NASDAQ: ) shares fell 1% after hitting a year-high on Friday. Shareholders of the electric carmaker are set to appear in court Monday to argue that an unprecedented request for the company to pay more than $7 billion in legal fees is “excessive.”

  • Shares of Morphic (NASDAQ:) surged 75% after Eli Lilly (NYSE:), which rose 0.3%, announced plans to acquire the biopharmaceutical company, which develops oral integrin therapies to treat serious chronic diseases.

  • ExxonMobil (NYSE: ) Shares fell 1.2% on Monday as oil prices fell, overshadowing the oil giant’s statement that changes in oil prices would boost the company’s upstream revenues by $300 million to $700 million in the second quarter compared with the first quarter.

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