Stocks making the biggest moves premarket: Tyson Foods, PayPal, Children's Place and more

Check retired the companies making headlines successful premarket trading.

Tyson Foods – Shares of the nutrient processing elephantine suffered a 6% driblet successful premarket trading aft the institution reported weaker-than-expected results for the archetypal quarter. Earnings came successful astatine 85 cents per stock excluding items connected revenues of $13.26 billion. Analysts expected $1.34 per stock successful net and gross of $13.52 billion, according to Refinitiv.

PayPal — Shares of the payments institution fell 2.6% successful premarket aft Raymond James downgraded the banal to marketplace execute from outperform. The Wall Street steadfast said the downgrade followed the beardown commencement to the twelvemonth that saw the banal emergence much than 20%. Meanwhile, Raymond James said it holds a cautious stance connected its fourth-quarter net acceptable for aboriginal this week.

Children's Place — The children's apparel retailer shed much than 16% aft absorption cuts its outlook for the 4th fourth arsenic it deals with a hard macro environment. Children's Place besides said it expects a nonaccomplishment per share, citing "deterioration successful gross margin."

T-Mobile — T-Mobile shares dipped much than 2% pursuing a downgrade to marketplace execute by analysts astatine MoffettNathanson, citing expectations of a slowdown successful subscriber growth.

Lyft — Shares of the ride-hailing institution fell astir 2% successful premarket trading aft Lyft was downgraded to clasp from bargain astatine probe steadfast Gordon Haskett. The steadfast said successful a enactment that Lyft's progressive rider metric for the 4th fourth could autumn abbreviated of expectations.

Dell Technologies — Shares of the user exertion banal gained astir 1% earlier the doorbell pursuing quality that its cutting astir 5% of its workforce arsenic it grapples with a hard macroenvironment.

Spotify — Shares roseate much than 1% aft Wells Fargo upgraded Spotify to overweight from adjacent weight, saying the audio streaming institution is improving margins with an expected terms summation ahead. Separately, Atlantic Equities besides upgraded the banal to overweight.

Energizer Holdings — The artillery maker's banal fell 6% aft gross and net for the caller 4th fell abbreviated of expectations, according to analysts surveyed by FactSet. Energizer, meanwhile, reaffirmed net per stock and gross maturation guidance for the afloat year.

— CNBC's Yun Li, Sarah Min, Jesse Pound and Tanaya Macheel contributed reporting