Stocks making the biggest moves before the bell: Roblox, Discover, Chegg and more

Check retired the companies making headlines successful premarket trading.

Roblox — Roblox shares fell 6.7% aft Morgan Stanley downgraded the gaming institution to underweight from adjacent value and said the upside is constricted pursuing the stock's caller outperformance.

Discover — The online slope mislaid 7.3% contempt beating expectations for per-share net and revenue. Discover boosted its proviso for recognition losses compared to the anterior year, perchance signaling that it sees a weaker system ahead.

CureVac — The biopharmaceutical institution jumped 8.2% pursuing an upgrade to bargain from neutral by UBS, which said Phase 1 results for a attraction that uses mRNA for influenza saw a "major corruption point."

Alcoa — The aluminum shaper slid 6.4% aft reporting nett losses for the astir caller quarter, saying precocious costs for vigor and earthy materials, paired with debased aluminum pricing, dragged connected earnings.

Chegg — The integer learning level gained 2.5% pursuing an upgrade to overweight from modular value by KeyBanc. The steadfast cited the imaginable for EBITDA upside.

Charles Schwab — Shares of the brokerage steadfast fell 3% aft Charles Schwab was treble downgraded to underperform from bargain astatine Bank of America. The slope said successful a enactment to clients that Schwab's maturation would diminution this twelvemonth arsenic customers set their portfolios to higher involvement rates.

Procter & Gamble — The user goods elephantine shed much than 2% aft reporting mixed quarterly results earlier the bell. P&G's adjusted net per stock for the fiscal 2nd 4th matched expectations astatine $1.59, but full gross of $20.77 cardinal somewhat topped estimates of $20.73 billion.

Philip Morris — Shares of the baccy institution roseate much than 1% aft Jefferies upgraded the banal to bargain from clasp and raised its terms target. The Wall Street steadfast said it's bullish connected Philip Morris' efforts to get oral nicotine institution Swedish Match.

Apple — Shares slid 1.2% aft JPMorgan chopped its terms people connected Apple and said the exertion institution had a pugnacious setup going into net from proviso headwinds.

Ford — The automaker fell 1.2% aft Evercore ISI chopped its terms people connected the stock, noting that automakers could conflict if a recession comes but spot income travel backmost successful the 3 to six months following.

Boot Barn — UBS raised its terms people connected the banal up of the company's quarterly net report. UBS said capitalist sentiment should stay unchanged and doesn't expect Boot Barn's net merchandise to beryllium a catalyst. The banal slid 0.6% contempt the people increase, however.

— CNBC's Michelle Fox, Tanaya Macheel, Samantha Subin, Jesse Pound, Carmen Reinicke and Yun Li contributed reporting