Premarket Movers | Energy stocks & ETFs surge with Battalion Oil up 13%, UCO up 7%; Marvell Technology Jumps 5%; TopBuild Soars 20%; AST SpaceMobile Sinks 13%

TigerApr 20, 2026 8:15 AM

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Energy stocks and ETFs surged in premarket trading. Battalion Oil up 13%; ProShares Ultra Bloomberg Crude Oil up 7%; United States Oil Fund LP, US Energy rose 6%; Indonesia Energy rose 5%.

The halt of nearly all traffic in the Strait of Hormuz combined with the cloudiness about the state of US-Iran diplomacy weighed on financial markets Monday. US stock futures fell and oil surged, with global crude benchmark Brent jumping over 7% to around $96.80 a barrel.

Shares of Marvell Technology rose 5% in premarket trading. Alphabet's Google is in talks with Marvell to develop two new chips aimed at running AI models more efficiently, The Information reported on Sunday citing two people with knowledge of the discussions.

TopBuild shares surged nearly 20% in premarket trading. U.S. construction supplies distributor QXO struck a $17 billion deal on Sunday to acquire building products distributor ‌and installer TopBuild, adding to a wave of acquisitions by the company led by billionaire dealmaker Brad Jacobs.

Blue Origin's New Glenn mission placed AST SpaceMobile's BlueBird 7 satellite into an incorrect orbit, leading to the satellite de orbiting. AST SpaceMobile shares sank 13% in premarket trading.

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