Stocks making the biggest moves premarket: Toyota, AMD, Shell, UnitedHealth and more

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Toyota cars are displayed connected the income batch astatine Toyota Marin successful San Rafael, California, May 11, 2022.

Justin Sullivan | Getty Images News | Getty Images

Check retired the companies making the biggest moves successful premarket trading.

Toyota — The Japan-based automaker's shares jumped astir 5% aft shareholders reelected president Akio Toyoda to the board, successful a wide endorsement of the company's governance and caller electrical conveyance strategy.

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Logitech International — Shares of the machine accessories institution fell much than 10% aft Logitech said CEO Bracken Darrell is leaving for an extracurricular opportunity. Citi downgraded the banal to neutral from buy, saying Logitech needs to supply much clarity astir its semipermanent plans aft the enactment change.

Vodafone — The cellphone web added astir 3% successful premarket trading aft Vodafone and CK Hutchison agreed to merge their U.K. businesses.

Advanced Micro Devices — The chipmaker gained 3% premarket. On Tuesday, Advanced Micro Devices said it volition commencement shipping its most precocious GPU for artificial intelligence to immoderate customers aboriginal this year. Amazon Web Services is considering utilizing the caller chips, Reuters reported Wednesday.

UnitedHealth — Shares fell astir 6% premarket pursuing comments by UnitedHealth Chief Financial Officer John Rex astatine a league this week that determination person been elevated volumes of nonurgent surgeries successful the 2nd quarter. Other managed attraction companies besides sank, with Humana sliding 7.5% and Cigna down 3.6%.

Lumen Technologies — Share rallied astir 11%, 1 time aft gaining 16% connected quality of Lumen's new web interconnection ecosystem successful concern with Google and Microsoft.

Shell — The European lipid banal was up 2.3% aft Shell boosted its dividend and stock buybacks and said it would support oil accumulation steady until 2030.

SoFi Technologies — Shares added 3.25% premarket. BTIG named SoFi a apical pick successful the fintech assemblage arsenic pupil indebtedness payments resume. The Wall Street firm's $14 terms people implies much than 46% upside from Tuesday's close.

— CNBC's Hakyung Kim and Jesse Pound contributed reporting.

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