Arm, Dropbox, Ford fall premarket; Micron, DoorDash rise

U.S. futures traded marginally higher Monday, as investors hunkered down ahead of this week’s key Federal Reserve meeting.

Here are some of the biggest premarket U.S. stock movers today:

Arm Holdings (NASDAQ:ARM) stock fell 2.7%, continuing the company’s volatile ride since its float last week. While the stock also fell 4.5% on Friday, it’s still considerably above its listing price.

Micron (NASDAQ:MU) stock rose 1.9% after Deutsche Bank (ETR:DBKGn) upgraded its rating on the tech company stock to ‘buy’ from ‘hold’, expecting it to benefit from renewed strength in a key line of random access memory chips.

Walt Disney (NYSE:DIS) stock rose 0.4% after Raymond James started coverage of the entertainment giant with an ‘outperform’ rating, saying the company’s strong asset portfolio will help support a steady push toward streaming.

Ford (NYSE:F) stock fell 0.4% while General Motors (NYSE:GM) stock rose 0.1% with negotiators set to resume talks aimed at ending the United Auto Workers strike which has halted production at three plants in Michigan, Ohio and Missouri.

CCC Intelligent Solutions (NASDAQ:CCCS) stock rose 5% after Reuters reported that private equity firm Advent International is considering a sale of the auto software provider.

DoorDash (NYSE:DASH) stock rose 1.5% after Mizuho upgraded the online food delivery company to ‘buy’ from ‘neutral’, saying its growth should exceed consensus.

Dropbox (NASDAQ:DBX) stock fell 2.3% after William Blair downgraded its stance on the online storage platform to ‘market perform’ from ‘outperform’, citing “lackluster organic revenue growth prospects in 2024.”