Stocks making the biggest moves premarket: Novo Nordisk, Honda, Xerox, Tesla and more
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 23 2024
0mins
Source: CNBC
Market Movements: Several companies saw significant stock movements in premarket trading, including Novo Nordisk rebounding 5% after a previous decline, Honda's shares surging 15% due to merger talks with Nissan, and Xerox rising nearly 7% following its acquisition of Lexmark for $1.5 billion.
Notable Stock Performances: Despegar.com shares soared 32% after a buyout agreement by Prosus, while Traws Pharma experienced a 76% increase after positive trial results for its bird flu treatment. Other companies like Occidental Petroleum and Tesla also saw modest gains following recent developments.
Analyst Views on BRK.B
Wall Street analysts forecast BRK.B stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BRK.B is 538.00 USD with a low forecast of 481.00 USD and a high forecast of 595.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
1 Buy
1 Hold
0 Sell
Moderate Buy
Current: 484.490
Low
481.00
Averages
538.00
High
595.00
Current: 484.490
Low
481.00
Averages
538.00
High
595.00
About BRK.B
Berkshire Hathaway Inc. and its subsidiaries are engaged in diverse business activities, including insurance and reinsurance, utilities and energy, freight rail transportation, manufacturing, services and retailing. Its segments include Insurance, Burlington Northern Santa Fe (BNSF), Berkshire Hathaway Energy (BHE), Pilot Travel Centers (Pilot), Manufacturing, McLane Company (McLane), and Service and retailing. The Insurance segment includes GEICO, Berkshire Hathaway Primary Group, and Berkshire Hathaway Reinsurance Group. The BNSF segment includes the operation of railroad systems in North America. BHE segment offers regulated electric and gas utilities and real estate brokerage activities. Manufacturing segment manufacturers various products, such as industrial, consumer and building products. The McLane segment is engaged in wholesale distribution of groceries and non-food items. The Pilot segment is an operator of travel centers in North America and a marketer of wholesale fuel.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
