Stocks making the biggest moves premarket: Yelp, AutoZone, Lowe's, Dick's Sporting Goods & more

Check retired the companies making headlines earlier the bell:

Yelp — Yelp shares surged 11.4% successful premarket trading. Activist capitalist TCS Capital Management confirmed reports that it's built a involvement of much than 4% successful Yelp, and is asking the institution to research strategical alternatives including a sale, according to an open missive to the Yelp committee of directors connected Tuesday.

AutoZone — Shares of AutoZone fell much than 2% aft the specialty retailer's third-quarter gross came up abbreviated of expectations. AutoZone reported $34.12 successful net per stock connected $4.09 cardinal successful revenue. Analysts surveyed by Refinitiv were looking for $31.51 successful net per stock and $4.12 cardinal successful revenue. AutoZone's inventory accrued 7.4% twelvemonth implicit year.

Lowe's Companies — Shares dipped astir 1% aft the location betterment retailer lowered its full-year forecast for full sales, comparable income and adjusted net per share. However, Lowe's bushed connected archetypal 4th net and revenue.

Dick's Sporting Goods — Shares of the sporting goods retailer gained much than 2% earlier the doorbell connected a top-and-bottom enactment bushed for the caller quarter. Dick's Sporting Goods bushed net expectations by 22 cents a stock and reaffirmed its 2023 forecast.

Zoom Video Communications — Zoom declined 0.7% successful the premarket aft posting its archetypal 4th results. The video conferencing steadfast reported adjusted net of $1.16, much than the expected 99 cents per share, according to statement estimates from Refinitiv. It posted gross of $1.11 billion, higher than gross of $1.08 billion. However, its 2nd 4th guidance was fundamentally successful enactment with expectations.

Chevron — Chevron shares roseate 1.2% successful the premarket. HSBC upgraded the lipid elephantine to bargain from hold, saying the banal volition get a boost from rising lipid prices.

BJ's Wholesale — The wholesale retailer dipped astir 1% earlier the bell. BJ's Wholesale reported gross that was somewhat beneath Refinitiv estimates. Comparable nine income excluding gasoline came successful somewhat weaker than expected.

— CNBC's Michelle Fox, Hakyung Kim, Jesse Pound and Samantha Subin contributed reporting