Market Insider

Early movers: BABA, SLH, AAPL, MRVL, FCAU, HRB, FB, GOOG & more

Traders work on the floor of the New York Stock Exchange.
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Take a look at some of Monday's early movers:

AlibabaBarron's cover story said the stock could plunge 50 percent from current levels based on its price-to-earnings ratio with other tech companies, market share, and other factors. The Chinese e-commerce giant responded with a letter on its website outlining what it considered inconsistencies in the article's analysis. Shares of Alibaba fell more than 3 percent in premarket trade.

Solera — The provider of technology to insurance companies said Sunday it agreed to be acquired by an affiliate of private-equity firm Vista Equity Partners for , or $55.85 a share. Solera's stock jumped more than 9 percent in premarket trade.

Marvell Technology — Morgan Stanley downgraded the stock to "equalweight" from "overweight" and cut its price target to $9.50 from $17.50 based on last week's investigation into accounting issues. Shares of Marvell fell more than 2 percent in premarket trade, after closing down 16.2 percent Friday.

Apple — Pre-order demand for the iPhone 6s and 6s Plus on their first day of availability was than most regions, according to early reports. The company said in a statement it is "on pace to beat last year's 10 million unit first-weekend record when the new iPhones go on sale Sept. 25."

Fiat Chrysler — The United Auto Workers union picked the automaker as its first target in contract negotiations with the Detroit Three automakers, which also include General Motors and Ford.

H&R Block — BTIG downgraded the stock to "neutral" from "buy" citing price.

Google — The tech giant named John Krafcik, TrueCar president and former CEO of Hyundai Motors America, as the beginning late September.

Facebook — The social media giant is planning a stand-alone app with support for 360-degree videos in an effort to bring virtual reality to mobile, according to The Wall Street Journal. No launch date for the app was specified.

Ingredion — Citi upgraded the ingredient provider's stock to "buy" from "neutral" and raised the price target to $100 from $90 a share, citing a favorable outlook for pricing of North American corn sweetener given capacity constraints.