The Mobil logo and gas prices are displayed at a Mobil gas station on October 28, 2022 in Los Angeles, California.<\/p>\n
Mario Tama | Getty Images<\/p>\n<\/div>\n<\/div>\n<\/div>\n
Check out the companies making headlines in premarket trading.<\/em><\/p>\n Plug Power<\/a><\/span><\/span><\/span> \u2014 The battery stock added nearly 6% after the company projected a sharp rise in revenue by 2027 to roughly $6 billion, according to a regulatory filing.<\/p>\n Timken <\/a><\/span><\/span><\/span>\u2014 Shares fell roughly 2% following a downgrade by Bank of America to underperform from neutral, with analyst Michael Feniger noting concern over inventories moving forward.<\/p>\n Take-Two Interactive<\/a><\/span><\/span><\/span> \u2014 Take-Two Interactive Software rose around 1% after Raymond James upgraded the stock to outperform and expressed optimism about its near- and medium-term future. The firm cited a path to more consistent releases and reasonable valuation based on the company’s Grand Theft Auto 6 release soon.<\/p>\n DaVita<\/a><\/span><\/span><\/span>, Novo Nordisk<\/a><\/span><\/span><\/span> \u2014 Shares of the dialysis services provider sank 15% on the news of Ozempic’s effectiveness in Novo Nordisk’s kidney disease treatment study. Shares of Novo Nordisk added 3.1%.<\/p>\n Exxon Mobil,<\/a><\/span><\/span><\/span> Pioneer Natural Resources<\/a><\/span><\/span><\/span> \u2013 Shares of Exxon Mobil were lower by more than 1% premarket after the company\u00a0agreed to buy Pioneer<\/a>\u00a0for nearly $60 billion, or $253 per share, in an all-stock merger. Meanwhile, Pioneer shares rose 2.5%. Exxon said production volume in the Permian Basin would more than double after the deal closes.<\/p>\n Humana<\/a><\/span><\/span><\/span> \u2014 Shares dipped slightly after Humana said Bruce Broussard will step down as CEO in the second half of 2024<\/a>.<\/p>\n Sherwin-Williams<\/a><\/span><\/span><\/span> \u2014 Shares of the paint company fell less than 1%\u00a0after the Serwin-Williams said<\/a>\u00a0Heidi G. Petz would assume the chief executive role beginning Jan. 1, 2024. Petz will also continue in her role as president after assuming CEO duties.<\/p>\n