Check out the companies making headlines in pre-market trading. Domino’s Pizza – Shares of Domino’s Pizza soared more than 6% after the restaurant chain said it would increase its dividend by 25% and add an additional $1 billion to its buyback program. The increased dividend will be paid on March 9, while additional share repurchases have been approved to begin at the end of the fourth quarter on February 21. HashiCorp — Shares of the software company rose 8% after Morgan Stanley upgraded the stock from equal weight to overweight. The bank said HashiCorp should benefit from a resurgence in cloud initiatives. Berkshire Hathaway – Fourth-quarter operating profit rose nearly 30% year over year, and Warren Buffett Group’s Class B shares rose nearly 3%. Berkshire’s cash reserves have also surged to record levels. Gap — Shares of the clothing retailer rose nearly 2% after JPMorgan upgraded its rating to neutral, praising the company’s efforts to expand product offerings and save costs. Monday.com — Shares of the cloud platform company rose 2% after Bank of America initiated its coverage of the company with a buy rating. Analyst Michael J. Funk noted that consensus estimates for the stock “seem beatable” and that the company will continue to post strong market share gains. Fluence Energy — The stock rose more than 5% after Susquehanna Financial upgraded its rating to positive. Analyst Biju Perincheril said the company’s improving balance sheet and operating conditions, coupled with recent weakness in the stock market, provide investors with an attractive entry point. Moderna — The biotech stock fell 1.6% after HSBC downgraded its rating to hold. Moderna’s RSV vaccine may not be as effective as its rivals, the investment firm said in a note to clients. Amer Sports — The sports company that makes Wilson tennis racquets launched a series of positive moves, sending its shares up 6%. Amer Sports initially received ratings of Buy, Overweight, or Outperform from major banks including Goldman Sachs, JPMorgan Chase, Citigroup, Bank of America, and Morgan Stanley. The sports equipment company went public in early February. —CNBC’s Jesse Pond, Michelle Fox and Lisa Kelehan contributed reporting
