Check out the companies with the biggest pre-market moves: Airlines — Shares of Delta Air Lines, United Airlines and Southwest Airlines soared more than 4.5% on news that a U.S. attack on Iran’s key energy infrastructure would be called off. The group struggled after the war due to concerns about how it would affect fuel prices and consumer spending. Cruise lines — Carnival Cruises and Royal Caribbean Cruises soared more than 5% following the latest developments in the U.S.-Iran war. Cruise lines have also fallen due to concerns about the economic impact of the war, with Carnival dropping more than 23% and Royal Caribbean more than 15% as of Friday’s close. Oil stocks — Energy stocks fell along with oil prices as recent developments gave investors hope that the Strait of Hormuz could reopen soon. Occidental Petroleum Corporation fell more than 2.5%, EOG Resources fell more than 1.5% and Chevron fell 1%. MongoDB — This software company is up more than 4% after an upgrade by Mizuho. Concerns that artificial intelligence will disrupt the software sector by 2026 have rippled through the group, but the bank says MongoDB is different from its peers where AI will make the company stronger, not weaker. Synopsys — Shares rose nearly 4.5% after the Wall Street Journal reported that activist Elliott Investment Management has a multibillion-dollar stake in the company, citing people familiar with the matter. The report added that Elliott believes there is an opportunity for the company’s financial performance to better reflect its value.
