Check out the companies making headlines before the bell. Cheesecake Factory — Shares gained more than 3% after activist investor JCP Investment Management built a stake in the company and asked it to consider spinning off three of its brands into a separate company. General Motors — Shares were down slightly even after the automaker reported third-quarter results that beat analyst expectations. The company earned an adjusted $2.96 per share on revenue of $48.76 billion.
Analyst Rob Sanderson said the company provided "indispensable infrastructure for the mobile gaming industry" and could be a key play for investors wanting exposure to big data and artificial intelligence. 3M — Shares of the industrial company rallied 5% after 3M posted third-quarter earnings of $1.98 per share of revenue of $6.07 billion. Analysts had expected earnings per share of $1.90 on $6.06 billion in revenue, according to LSEG.
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Stocks making the biggest moves premarket: Spirit Airlines, Summit Therapeutics, Rivian and moreThese are the stocks posting the largest moves in premarket trading.
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