Stocks making the biggest moves before the bell: Apple, Intel, Alcoa, Micron Technology and more

Check out the companies making headlines in premarket trading: Trump Media & Technology — Shares rose more than 1%, extending the 11% gain from Friday. The stock jumped as much as 25% in the previous session after Republican nominee and majority owner Donald Trump said he’s “not selling” his stake at a press conference at his California golf club Friday afternoon. Following his comments, trading was halted twice during that session due to volatility. Upstart Holdings — The personal finance stock fell more than 4% after Upstart announced a $300 million debt offering . The company said it will sell convertible notes due in 2029, and the money will go toward repurchasing some other bonds and for general corporate purposes, among other uses. Apple — The technology stock fell more than 2% following analyst reports that early shipping data may signal softer demand for iPhone 16 Pro models. Bausch + Lomb — The contact lens provider jumped 11.5% after the Financial Times reported the company was working on a possible sale. Bausch + Lomb is expected to catch the eye of private equity, per the Financial Times. Alcoa — The aluminum company popped 1.4% after announcing the sale of its stake in the Ma’aden mining joint venture. Alcoa will relinquish its 25.1% ownership position for around $1.1 billion. Intel — The semiconductor stock rose 1.3% before the bell. Bloomberg reported late on Friday that Intel will qualify for as much as $3.5 billion in grants to make chips for America’s military. Micron Technology — The semiconductor stock slid 2.8% after Morgan Stanley cut its price target by a whopping $40 to $100. Morgan Stanley’s new target implies less than 10% in upside from Friday’s closing level. ASE Technology — The semiconductor packager added 1.7% on the heels of a Morgan Stanley upgrade to overweight from equal weight. The firm said ASE is a defensive name that also has growth potential tied to artificial intelligence. Colgate-Palmolive — The consumer packaged goods maker shed 1.5% in the wake of Wells Fargo’s downgrade to underweight from equal weight. Wells Fargo said growth should normalize after what it called an “epic run.” Ally , Synchrony Financial — The financial stocks each lost about 1% following BTIG downgrades to neutral from buy. The firm also removed its designation for Ally as a top pick in the second half of the year. Sprouts Farmers Market — The organic-focused retailer advanced 1.2% on the back of Evercore ISI’s upgrade to outperform from in line. Evercore ISI said Sprouts should stand to gain from a broader healthy eating trend. Yelp — Shares dropped 1.7%. Bank of America initiated coverage of Yelp with an underperform rating, saying declining usage will continue to hurt the company’s growth outlook. The Wall Street firm’s $30 price objective implies a more than 12% slide from Friday’s close. Zillow — The real estate stock rose more than 2% after an upgrade to outperform from neutral from Wedbush. The investment firm said falling mortgage rates combined with a growing software and services business could spur a rally for Zillow. — CNBC’s Jesse Pound, Sarah Min, Sean Conlon and Samantha Subin contributed reporting.