Stock futures rose Thursday ahead of data on U.S. jobless claims and retail sales.
Here are some of the top movers during premarket trading on Thursday.
1. Dell Technologies DELL | Up 7.59%
Deutsche Bank raised its price target on the stock to $120 from $100. J.P. Morgan also raised Dell's price target to $120 from $103.
Dell said it plans to spin off its stake in cloud-software firm VMware VMW, which will result in a special cash dividend for shareholders of up to $12 billion.
2. Coinbase COIN | Up 7%
Shares of Coinbase (COIN) rose in premarket trading after the cryptocurrency exchange jumped 31% in its first day of trading on the Nasdaq.
Coinbase went public through a direct listing.
Coinbase opened Wednesday at $381 a share, 52% above its reference price of $250 a share. It closed Wednesday at $328.28. At the closing price, Coinbase's valuation was about $86 billion.
TheStreet founder Jim Cramer tweeted early Thursday: "If you bought Coinbase at the opening and then bought lower later in the day you should have a good basis and no need to buy more at these prices."
3. PPD Inc. PPD | Up 6.28%
Shares of PPD (PPD) advanced in premarket trading Thursday after Thermo Fischer Scientific (TMO) - Get Report agreed to acquire the healthcare testing company for $17.4 billion in cash, creating one of the biggest drug-testing companies in the U.S.
4. Bank of America BAC | Up 1.25%
Banks of America (BAC) - Get Report shares traded higher early Thursday after the bank posted stronger-than-expected first-quarter earnings that included the release of $2.7 billion in reserves set aside to cover bad loans.
While discussing bank earnings on Wednesday, Cramer said, "If the Federal Reserve let banks return capital they would return a monster amount of capital. They can buy back a lot but, more importantly, they can give you dividend that's not like the others which will be really good," he said.
5. Citigroup C | Up 3.18%
The bank reported strong investment banking revenue and a higher-than-expected release of loan-loss reserves.