Stocks Making the Biggest Moves

Planet Fitness — Shares of the gym franchise jumped nearly 3% 

in premarket trading after Raymond James upgraded the stock to 

strong buy from market perform. The Wall Street firm said the 

company has a resilient and recession-resistant business with no 

interest rate risk and very little near-term debt maturities. Meanwhile, 

its current valuation is well below its recent historical average, 

Raymond James noted. PG&E — The utility stock climbed more than 

5% premarket after S&P Dow Jones Indices on Friday said PG&E will 

replace Citrix Systems in the S&P 500, effective prior to the opening of 

trading on Monday, October 3. Vista Equity Partners is acquiring Citrix 

Systems in a transaction expected to be completed this week. 

Las Vegas Sands — Shares of the casino operator surged more than 7%

 after Macao announced its plan to allow tour groups from mainland China

 as soon as November. Shares of MGM Resorts rose more than 2%. 

Lyft — Shares of the ride-hailing company fell nearly 4% premarket after 

UBS downgraded the stock to neutral from buy. The Wall Street firm cited

its driver survey that indicates drivers prefer Uber and Lyft is not their main app.