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Rivian, Ford Shares Slide Premarket; Toast, Fortinet Rise By Investing.com

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By Scott Kanowsky 

Investing.com — Stocks in focus in premarket trade on Monday, October 10th. Please refresh for updates.

  • Rivian Automotive Inc (NASDAQ:) shares slumped after the electric carmaker told customers that it will recall 13,000 vehicles, citing a loose fastener.
  • Tesla Inc (NASDAQ:) shares were largely flat after the electric vehicle maker posted a record amount of monthly sales of China-made cars in September.
  • Ford Motor Company (NYSE:) and General Motors Company (NYSE:) shares dropped after UBS downgraded its ratings for both of the U.S. carmakers.
  • Merck & Company Inc (NYSE:) stock rose after analysts at Guggenheim upgraded their rating of the pharmaceutical company.
  • Toast Inc (NYSE:) shares jumped after analysts at Mizuho upgraded their rating of the restaurant management software firm to “Buy” from “Neutral.”
  • Fortinet Inc (NASDAQ:) shares moved higher after analysts at Morgan Stanley upgraded their rating of the cybersecurity solutions business to “Overweight” from “Equal-weight” and raised its price target.

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