Stocks making the biggest moves premarket: AMD, Levi Strauss, DraftKings and more

Here are the companies that are making headlines earlier the bell:

Advanced Micro Devices (AMD) – AMD slid 5.3% successful the premarket aft cutting its income forecast. The chipmaker said it is being deed by a larger than expected slump successful the idiosyncratic machine market.

Levi Strauss (LEVI) – Levi Strauss took a 5.3% premarket deed aft cutting its full-year income and nett outlook. The apparel shaper is seeing an interaction from higher costs, proviso concatenation issues and a stronger U.S. dollar.

CVS Health (CVS) – CVS shares fell 5% successful premarket trading, pursuing a downgrade of 1 of its Aetna Medicare Advantage plans successful yearly ratings issued by the Centers for Medicare and Medicaid Services.

DraftKings (DKNG) – DraftKings rallied 5.6% successful premarket enactment aft Bloomberg reported that the sports betting steadfast is adjacent to striking a large caller concern with Walt Disney's (DIS) ESPN unit.

Lyft (LYFT) – Lyft fell 2.6% successful the premarket aft RBC downgraded the ride-hailing service's banal to "sector perform" from "outperform." RBC said its operator proviso investigation points to a little bullish outlook for Lyft and that rival Uber (UBER) enjoys "structural advantages" implicit Lyft.

Ambac (AMBC) – The municipal enslaved insurer volition person $1.84 cardinal to settee lawsuits against Bank of America (BAC). The suits stemmed from enslaved security policies that Ambac had provided to Bank of America's Countrywide Credit portion anterior to the 2008 fiscal crisis. Ambac surged 21.1% successful the premarket.

Credit Suisse (CS) – Credit Suisse rallied 5.6% successful the premarket aft the slope said it would bargain backmost up to $3 cardinal successful indebtedness arsenic it seeks to reassure investors of its fiscal health.

Tilray (TLRY) – The cannabis shaper jumped 5.4% successful premarket trading adjacent arsenic it reported a larger than expected nonaccomplishment arsenic good arsenic somewhat little than expected gross for its latest quarter. Tilray did reaffirm its full-year forecast and said it had achieved astir each of its cost-saving goal. Tilray, Aurora Cannabis (ACB), Canopy Growth Corp (CGC) and Cronos Group (CRON) were among cannabis stocks that rallied Thursday aft President Joe Biden announced pardons for those convicted of national marijuana possession charges.