Stocks making the biggest moves in the premarket

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Take a look at some of the biggest movers in the presale market:

Ford (F) – The automaker's shares fell 4.5% in premarket trading after the company warned that rising supplier costs and parts shortages will cost its quarterly earnings about $1 billion. These factors have resulted in a shortage of vehicles available for sale.

BioNTech (BNTX), Moderna (MRNA) — Vaccine makers fell again this morning after falling yesterday on President Joe Biden's statement that the pandemic is “over.” BioNTech fell 2.4% in premarket trading, while Moderna fell 2.1%.

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Change Healthcare (CHNG) – Shares of the medical technology company rose 7.5% in premarket trading after a federal judge ruled on the Justice Department's antitrust challenge to UnitedHealth (UNH)'s $13 billion acquisition of the company.

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Cognex (CGNX) – Cognex shares rose 4.7% premarket after the machine vision and sensor maker raised its revenue forecast for the current quarter. The move comes amid a faster-than-expected inventory recovery following a fire at Cognex's key contract manufacturer.

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Nike (NKE) – Nike fell 2.2% in premarket trading after Barclays downgraded its stock to overweight from overweight, citing continued volatility at the Chinese sneaker and apparel maker, as well as falling demand in North America and elsewhere.

Western Digital (WDC) – Shares in the hard drive maker fell 1.7% premarket after Deutsche Bank downgraded it to “hold” from “buy”. Deutsche Bank said its earnings and sales appeared to be at the low end of guidance due to deteriorating demand.

Norwegian Cruise Line (NCLH) – Norwegian Cruise Line rose 3% in premarket trading after Truist Financial upgraded the stock to buy from hold, suggesting a drop in cancellations and subsequent low-price rebookings.

So learn more:

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