Stocks making the biggest moves in the premarket: Horizon Therapeutics, Coupa Software, Rivian and more

Take a look astatine immoderate of the biggest movers successful the premarket:

Horizon Therapeutics (HZNP) – The drugmaker's shares surged 14.7% successful the premarket aft it agreed to beryllium bought by Amgen (AMGN) for $116.50 per stock successful cash, with the woody valued astatine $27.8 billion. Amgen shares fell 2.6%.

Coupa Software (COUP) – Private-equity steadfast Thoma Bravo agreed to bargain Coupa, a specializer successful concern spending absorption software. The woody is worthy $8 billion, oregon $81 per stock successful cash. Coupa shares soared 21.6% successful premarket trading.

Rivian (RIVN) – The electrical conveyance shaper has paused talks with Mercedes-Benz connected a planned associated task to physique electrical vans successful Europe. The determination is portion of Rivian's effort to beryllium much blimpish with its currency outlays successful the look of higher involvement rates and economical concerns. Rivian fell 2.5% successful premarket action.

Weber (WEBR) – The shaper of grills and different outdoor cooking products agreed to beryllium taken backstage by BDT Capital Partners for $2.32 cardinal successful cash, oregon $8.05 per share. Weber shares closed Friday astatine $6.50.

Accenture (ACN) – Accenture fell 1.7% successful the premarket aft Piper Sandler downgraded the consulting firm's banal to "underweight" from "neutral." The steadfast expects Accenture to beryllium negatively impacted by much cautious 2023 spending successful the tech sector.

Under Armour (UAA) – Under Armour jumped 2.8% successful premarket trading pursuing a Stifel upgrade to "buy" from "hold." Stifel praised the diversion apparel maker's inventory management, which it said gives the institution amended nett borderline certainty.

Best Buy (BBY) – The electronics retailer's banal added 1.6% successful the premarket aft Goldman Sachs upgraded it to "neutral" from "sell." It's among retail stocks that Goldman feels has the quality to support prices arsenic ostentation moderates and to summation marketplace share.

Gap (GPS), Tapestry (TPR), Levi Strauss (LEVI) – Goldman Sachs upgraded Gap and Tapestry to "buy" from "neutral" portion downgraded Levi Strauss to "neutral" from "buy." Goldman said its moves were based connected which companies tin thrive successful an ambiance that volition spot consumers go much discerning with their apparel spending. Gap added 2.7% successful the premarket, with Tapestry up 2% and Levi Strauss losing 1.2%.

Brinker International (EAT) – The edifice operator's banal slid 3.7% aft Goldman downgraded it to "sell" from "neutral." Goldman said it was cautiously optimistic astir the semipermanent results of the company's effort to crook astir its Chili's chain, but thinks 2023 volition beryllium choppy successful presumption of income and nett margins.