Take a look at the businesses making headlines in premarket buying and selling: Kenvue — The Neutrogena maker jumped 4.5% after the corporate stated its CEO Thibaut Mongon has stepped down . Kenvue stated its board is conducting a strategic evaluate of the corporate and is contemplating a spread of potential alternate options, reminiscent of simplifying the corporate’s portfolio. nCino — The monetary know-how supplier gained almost 5% following an improve to outperform at Baird , with analyst Joe Vruwink citing an upbeat outlook resulting from firm administration highlighting a possible boon from latest initiatives. Rivian Automotive — The electrical car firm pulled again 1.3%. Guggenheim downgraded Rivian to impartial from purchase in a Monday notice, with analyst Ronald Jewsikow pointing to the chance of softer long-term gross sales of its R2 and R3 autos. SolarEdge Applied sciences — Shares rose almost 2% after Barclays upgraded SolarEdge to equal weight from underweight. The financial institution stated regardless of the anticipation that the general market will shrink in 2026, SolarEdge is poised to develop each this 12 months and subsequent. Bitcoin miners — Bitcoin mining shares all superior early Monday after the biggest cryptocurrency by market capitalization reached an all-time excessive above $120,000. Shares of Riot Platforms , CleanSpark and MARA Holdings all rose 3% or extra. Synopsys , ANSYS — Shares of semiconductor design firm Synopsys added roughly 4% after Chinese language regulators conditionally authorized its buy of ANSYS for $35 billion. ANSYS surged 6%. Affirm — Shares fell 2.5% after BTIG downgraded the purchase now, pay later firm to impartial from purchase, saying {that a} loosening of underwriting from prime lenders reminiscent of Capital One and Synchrony will harm fintechs reminiscent of Affirm. Fastenal — Shares gained 3% after second-quarter earnings surpassed analysts’ estimates. The economic provide firm earned 29 cents per share, whereas analysts polled by FactSet have been searching for 28 cents. — CNBC’s Michelle Fox, Sean Conlon and Sarah Min contributed reporting.
