Stocks making the biggest moves premarket: KDP, OKTA, INTC, VRNT
Check out the companies making headlines in premarket trading. Keurig Dr Pepper — Shares slid more than 3% after the beverage maker said it would acquire Dutch coffee and tea company JDE Peet’s for around $18 billion. Once the deal is completed, Keurig plans to split its beverage and coffee businesses into two separate, publicly traded U.S. companies. Verint Systems — The call center software company popped 12% following a Bloomberg report that private equity Thoma Bravo was on the verge of a deal to acquire it. The deal, which could be announced Monday, values Verint at about $2 billion, said Bloomberg, citing people familiar with the matter. Furniture stocks — Shares moved mostly lower in premarket trading following comments from President Donald Trump that said his administration would launch an investigation into imported units. William-Sonoma slipped more than 3%, while RH pulled back more than 7%. Ethan Allen advanced more than 3%. Okta — The identity management service company rose 2% after Truist upgraded the stock to buy from hold. The firm said Okta is reaching an “inflection point,” where challenges will start to abate in the second half of fiscal 2026. The new price target, hiked to $125 from $100, implies 35% upside from Friday’s close. Nio — U.S.-listed shares of the carmaker jumped more than 9%, building on their recent gains. The latest run comes after Nio announced its latest ES8 SUV on Thursday. The model is one of Nio’s most affordable automobiles and is priced at 308,800 yuan, or $43,000, under a battery subscription plan that lowers upfront costs for customers. American Eagle Outfitters — The clothing retailer slipped more than 3% after Bank of America downgraded the stock to underperform . Analyst Christopher Nardone said that while the Sydney Sweeney ad campaign may boost sales near term, the momentum will be sapped by tariffs. Intel — The chipmaker gained about 2%, still finding gains on the heels of confirmation that the U.S. has taken a 10% stake in the company . — CNBC’s Alex Harring, Pia Singh, Sarah Min and Michelle Fox contributed reporting.
