TOSYY - Hot Stocks: Johnson & Johnson gains Lordstown falls and Elon Musk sells more Tesla stock

News of Johnson & Johnson's (NYSE:JNJ) split was on top of investors' minds as well as Tesla (NASDAQ:TSLA) CEO Elon Musk selling more than 600,000 shares worth about $700M. Electric vehicle maker Rivian Automotive (NASDAQ:RIVN) continued its rise following its IPO earlier in the week and gained 3.5% in premarket trading after yesterday's advance. Toshiba, (OTCPK:TOSYY), following in the footsteps of General Electric, decided to split into three companies. In other M&A news, LabCorp (NYSE:LH) gained 2.5% after a report that the company is in talks to merge part of its Covance business with Syneos. In other tech news, Nvidia fell 1.4% in premarket trading after Wedbush downgraded to neutral on valuation and Hewlett Packard Enterprise (NYSE:HPE) fell 4.2% after Goldman Sachs downgraded the company to sell. Also on the analyst front, Penn National (NASDAQ:PENN) rose 1.5% after Deutsche Bank raised its rating to hold from sell. Gainers Johnson &

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Hot Stocks: Johnson & Johnson gains, Lordstown falls and Elon Musk sells more Tesla stock