SYY, CRWD, AA & more
Check out the companies making the biggest moves premarket: Sysco — The wholesale food distributor fell 4.5% after it agreed to buy Jetro Restaurant Depot for a total enterprise value of $29.1 billion. The deal is expected to close in Sysco’s 2027 fiscal third quarter, with the company calling the transaction “immediately accretive.” Avis — Shares sunk more than 9% after surging more than 48% last week. Car rental companies were seen as beneficiaries from the chaos at U.S. airports due to the Department of Homeland Security Funding Impasse, though it appeared Monday investors were taking some profits from Avis’ surge. Alcoa — The aluminum company rallied more than 9% as aluminum prices were up more than 4.5% after critical infrastructure for the metal in the Middle East was hit by Iranian missile strikes. CrowdStrike — Shares of the cybersecurity giant rose more than 2.5% after it got some support from analysts on the Street. Wolfe Research upgraded the stock to outperform, saying that CrowdStrike will benefit from increased cyber risks from artificial intelligence rather than have its business model disrupted by the technology, while Morgan Stanley named the stock a top pick. CrowdStrike is off more than 21% in 2026 on fears AI will replace cybersecurity technology. Leidos — The stock rose more than 2.5% after the company announced it completed its $2.4 billion acquisition of Entrust. The merger, the company said in a press release, will allow Leidos to expand its footprint in the energy infrastructure market and meet rising demand for power. Robinhood , Coinbase — Shares of the popular trading platforms both rose more than 2% as cryptocurrencies rebounded after a fall last week. Bitcoin prices were up 2.5% and back above $67,000 again. Expedia — The online travel booking company rose more than 2.5% after an upgrade from Jefferies. While shares have been under pressure from both fears of the impact of AI on the company and travel demand destruction fears due to the war in the Middle East, the bank upgraded Expedia to a buy rating due to its strong earnings growth. Memory stocks — Shares built on Friday’s slight rebound in these names after a major sell-off in the stocks due to Google research that investors feared could preview a slowdown in chip demand. Sandisk , Seagate Technology and Micron were all up about 2%. — CNBC’s Fred Imbert contributed reporting
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