Plug power, Exxon, Novo Nordisk

See which companies are making headlines in premarket trading.

plug power — Battery inventory rose nearly 6% after the company expected sales to rise sharply to about $6 billion by 2027, according to a regulatory filing.

timken — The stock fell about 2% after Bank of America downgraded the stock to underperform from neutral, with analyst Michael Feniger noting concerns about future inventory conditions.

Take-Two Interactive — Take-Two Interactive Software rose about 1% after Raymond James upgraded the stock and expressed optimism about its short- and medium-term future. The company cited a path toward more consistent releases and a reasonable valuation based on the company’s upcoming Grand Theft Auto 6.

davita, novo nordisk — Novo Nordisk’s news that Ozempic was effective in a study to treat kidney disease sent the dialysis provider’s shares down 15%. Novo Nordisk’s shares rose 3.1%.

ExxonMobil, pioneer natural resources — Shares of Exxon Mobil fell more than 1% in premarket trading after the company agreed to acquire Pioneer in an all-stock merger for about $60 billion, or $253 per share. Meanwhile, Pioneer’s stock price rose 2.5%. Exxon said its Permian Basin production would more than double after the deal closes.

humana — Shares of Humana fell slightly after Bruce Broussard said he would step down as CEO in the second half of 2024.

Sherwin-Williams — Shares of the paint company fell less than 1% after Sherwin-Williams said Heidi G. Petz will take over as CEO starting Jan. 1, 2024. Petz will continue in her role as president after assuming her CEO duties.

CSX — Shares added nearly 2% after JPMorgan upgraded to overweight. The company said CSX represents the “best near-term growth opportunity” among U.S. railroad stocks.

Amgen — The biotech stock rose 0.6% after upgrading to outperform Leerink Partners, with analyst David Risinger highlighting its long-term return potential of $19.3 billion.

— CNBC’s Tanaya Macheel, Pia Singh and Michelle Fox contributed reporting.