Stocks Making the Biggest Premarket Moves: Match Group, CVS, Paycom and More

Here are the notable companies making headlines before the bell on Wednesday:

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CVS Health: The retail pharmacy giant's shares rose 1.8% in premarket trading after reporting strong earnings and revenue for the second quarter. CVS posted earnings of $2.21 per share on revenue of $88.9 billion, surpassing Wall Street analysts' expectations.

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Kraft Heinz: The food and beverage stock dipped 1% in premarket trading after reporting mixed quarterly results that fell short of Wall Street's revenue expectations. Kraft Heinz posted adjusted earnings of 79 cents a share on revenue of $6.72 billion.

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Norwegian Cruise Line: The stock fell 3.2% in premarket trading after the company provided weaker-than-expected guidance for the third quarter, despite beating Wall Street estimates in its earnings report. Susquehanna downgraded its rating on Norwegian shares to neutral from positive.

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SolarEdge Technologies: The solar stock fell 13.4% after missing revenue expectations in the second quarter, reporting $991 million compared to the expected $992 million. However, the company beat earnings estimates, reporting adjusted earnings of $2.62 per share, higher than the estimated $2.52 per share.

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Robinhood: Shares of the retail brokerage declined 2% ahead of its quarterly results, which are due after the closing bell. Analysts expect a small quarterly loss of 1 cent.

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Freshworks: The software as a service company saw a surge of more than 16% in its shares after posting second-quarter revenue of $145.1 million, surpassing analysts' expectations. Freshworks also reported earnings per share of 7 cents, exceeding Wall Street's estimate of 2 cents. Canaccord Genuity analyst David Hynes upgraded the stock to buy from hold and raised the price target to $25 from $15.

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AMD: The chip stock climbed more than 2% in premarket trading after posting better-than-expected second-quarter earnings and revenue. However, the company's sales forecast for the third quarter was weaker than expected.

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Match Group: The parent company of Tinder and Match saw a 10% jump on a strong second-quarter earnings report, beating Wall Street expectations. Match Group also provided a positive outlook for the current quarter's revenue.

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Humana: The health insurer's shares added 5.6% after reporting second-quarter adjusted earnings per share of $8.94, exceeding analysts' expectations. The company also forecasted growth in its Medicare Advantage business.

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Starbucks: Shares of the coffee chain dipped more than 1% after reporting lighter-than-expected sales for its fiscal third quarter. Starbucks reported adjusted earnings per share of $1 on $9.17 billion of revenue, missing analysts' revenue estimate of $9.29 billion. However, same-store sales in China showed strong growth.

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