Morning Market Movement: What You Need to Know

SciSparc Ltd (SPRC) +45.87% stock soared to $1.59 in pre-market trading after filing a Form 6-K with the SEC.

Xencor Inc (NASDAQ: XNCR) +27.84% shares are trading up at $32.19 at the time of writing after announcing updated results from the Phase 1 study of XmAb819, an ENPP3 x CD3 T-cell engaging bispecific antibody, in patients with advanced clear cell renal cell carcinoma (ccRCC).

Treasure Global Inc (TGL) +34.27% rose to $0.29 in pre-market trading today after filing an 8-K with the SEC.

ArriVent BioPharma Inc (AVBP) +10.95% jumped to $23.30 in pre-market trading Monday after announcing initial encouraging Phase 1 results for ARR-217, (MRG007), a cadherin-17 (CDH17)-targeting antibody-drug conjugate (ADC) developed in partnership with Lepu Biopharma Co., Ltd., in patients with gastrointestinal malignancies.

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BofA Securities turned bullish on Allegion PLC (ALLE) BUY, upgrading the stock and assigning a $200 price target, representing potential upside of 11.74% from Sunday's close.

Pharvaris NV (PHVS) has won the favor of BofA Securities' equity research team. The firm upgraded the shares from Neutral to BUY and moved its price target to $44, suggesting 40.08% additional upside for the stock.

Valley National Bancorp (VLY) received an upgrade from analysts at Keefe Bruyette, who also set their one-year price target on the stock to $17. They changed their rating on VLY to OUTPERFORM from Mkt Perform in a recently issued research note.

Raymond James reduced its rating on First Industrial Realty Trust Inc (FR) stock to OUTPERFORM from Strong Buy and assigned the price target to $71.

Piper Sandler analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Globe Life Inc (GL) has been changed to NEUTRAL from Overweight and the new price target is set at $165.

Analysts at Stephens downgraded Illumina Inc (ILMN) stock to EQUAL-WEIGHT from Overweight, and the new price target is set at $275.

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American Tower Corp (AMT) BUY — Director, Clarke Teresa Hillary declared the purchase of shares taking place on Oct 20 '26 at $183.2 for some 43 shares. The transaction amount was around $7,864.

Nebius Group NV (NBIS) BUY — Director, Grimme Arne bought on Oct 21 '26 a total of 148 shares at $167.94 on average. The purchase cost the insider an estimated $24,855.

Natera Inc (NTRA) SELL — CO-FOUNDER, Sheena Jonathan announced the sale of shares taking place on Oct 21 '26 at $410.55 for some 3150 shares. The total came to more than $1.29 million.

Crowdstrike Holdings Inc (CRWD) SELL — PRESIDENT AND CEO, Kurtz George sold on Oct 22 '26 a total 10000 shares at $238.88 on average. The insider’s sale generated proceeds of almost $2.39 million.

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Top US earnings releases scheduled for today include Welltower Inc (WELL). It will announce its September 2026 financial results. The company is expected to report earnings of $0.71 per share from revenues of $3.75B in the three-month period.

Analysts expect Cadence Design Systems Inc (CDNS) to report a net income (adjusted) of $2.05 per share when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended September 2026 is predicted to come in at $1.62B.

Nucor Corp (NUE), due to announce earnings after the market closes today, is expected to report earnings of $5.83 per share on revenues of $10.79B for the recently concluded three-month period.