Rivian (RIVN)

Rivian shares plunged 15.6% in premarket trading. Ford Motor (F) is selling 8 million of its 102 million share stake in the electric vehicle maker, according to a CNBC report. The move comes as the insider lockup period for selling the stock expires.

Also Read | Elon Musk’s mom Maye dismayed at son’s death talk

Palantir Technologies (PLTR)

Shares of the data analytics company trembled 15.1% in premarket action after reporting a mixed quarter. Palantir posted a quarterly profit of 2 cents per share against a consensus estimate of 4 cents per share. However, revenue was higher than expected despite slowing growth in its government business. Palantir also issued a softer-than-expected forecast for the ongoing quarter.

Also Read | John Oliver on Roe v Wade: Supreme Court must respect ‘bodily autonomy’

Uber Technologies (UBER)

Shares of Uber fell 3% in premarket trading. According to a CNBC report, Uber plans to reduce spending on marketing and incentives and be deliberate about adding workers. CEO Dara Khosrowshahi said the ride-hailing and food delivery company said Uber needs to become a leaner business to address a “seismic shift” in investor sentiment.

Also Read | Donald Trump’s clout faces uncertainty in Nebraska midterm primaries

Energizer (ENR)

Energizer shares surged 2.3% in the premarket after the battery maker beat estimates by 9 cents per share with a quarterly profit of 47 cents per share. Revenue topped market forecasts as Energizer raised prices.

Coty (COTY)

The stock rose 1.7% in the premarket after Coty reported quarterly earnings of 3 cents per share, beating the penny a share consensus estimate. The revenue beat forecasts and the cosmetics company raised its full-year outlook on strong demand for its products

Also Read | Musk jokes of being killed amid Russian charges of helping Nazi Ukrainians

Twitter (TWTR)

Shares of Twitter fell 1.3% in the premarket after Elon Musk detailed his financial goals for Twitter, reported the New York Times. It aims to quintuple revenue by 2028, cut Twitter’s reliance on advertising and reach 931 million users by 2028 compared to 217 million at the end of 2021.

Also Read | Michigan’s ‘draconian’ 1931 abortion law: Explained

Tyson Foods (TSN)

The stock gained 1% in the premarket trading after the beef and poultry producer beat profit and revenue estimates for its latest quarter. Tyson reported earnings of $2.29 per share against a consensus estimate of $1.91 per share.