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 by 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.
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.
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