Meta, Rivian, WW International, KeyCorp, And More Stocks Moving In Premarket

Here are the companies making the biggest moves in premarket trading:

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Meta

Shares of Meta gained 2% after a Bloomberg report indicated that the company is planning to lay off additional employees as early as this week based on a new report from Bloomberg. There was also an effort by CEO Mark Zuckerberg to make the company more profitable in November by reducing 13% of its workforce as part of his effort to make the company more profitable.

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Rivian

The stock of the electric vehicle maker fell almost 7% after the company announced on Monday that it would issue bonds worth $1.3 billion. An R2 vehicle launch will be facilitated with the help of the capital, according to a spokesperson for Rivian.

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WW International

Weight Watchers shares jumped as much as 17.6% in premarket trading after the company formerly known as Weight Watchers announced a deal to acquire telehealth firm Sequence. With this move, WW could be in a better position to enter the anti-obesity drug market with a stronger hand. As for WW's fourth-quarter results, the company announced that revenue was down year over year and the company lost $32.5 million in the period. However, with a small market cap and a share price below $5 a share, the stock is still trading below $5 per share.

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Joby Aviation

Deutsche Bank downgraded the electric-aircraft maker from a buy rating to a sell rating following the downgrade to a sell rating. There have been some questions raised regarding the aircraft's weight, and it has led the Wall Street firm to question whether the design is "overly aggressive."

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Dick’s Sporting Goods

The sporting-goods retailer rallied more than 6% after beating Wall Street's expectations in the fourth quarter. StreetAccount reports that same-store sales increased 5.3%, more than double analysts' expectations of 2.1%.

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KeyCorp

According to an 8-K filing filed by the bank on Monday, the bank shed 2.3% after issuing guidance that was lower than its previous guidance for full-year net interest income.

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Juniper Networks

There has been a significant increase in the stock price of the network hardware company since Goldman Sachs issued a buy rating on its stock. According to its price target of $39, the stock has a 24.5% upside from Monday's close.

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Mineralys Therapeutics

With an outperform rating and a $40 price target, Credit Suisse initiated coverage of the stock, suggesting an upside of more than 100%. Mineralys, according to the Wall Street firm, has potential industry-leading data that may help the company achieve its position as a best-in-class treatment for resistant hypertension.

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Hesai Group

After Morgan Stanley initiated coverage of the stock with an overweight rating and a $26.50 price target, the stock rose as much as 1.4% in light premarket trading, implying a nearly 40% increase in value. With its superior scale and margin, and its strong pipeline of projects, Hensai outshines its peers, according to a Wall Street firm.