Stocks making the biggest moves premarket: Zscaler, BlackRock, Roblox and more

Here are the companies making headlines earlier the bell:

Angi (ANGI) – Angi shares added 2% successful premarket trading aft the online location services institution named Joey Levin arsenic CEO, replacing Oisin Hanrahan. Levin is presently the CEO of Angi genitor institution IAC and volition proceed successful that relation arsenic good arsenic moving Angi.

Leggett & Platt (LEG) – Leggett & Platt tumbled 8.6% successful the premarket aft the concern shaper slashed its full-year income and net guidance. The institution points to ostentation and economical conditions that person weighed connected demand, but does expect 4th fourth results to amended from the 3rd quarter.

KLA-Tencor (KLAC) – The semiconductor instrumentality and services institution volition reportedly halt immoderate income and services successful China to comply with U.S. export controls, according to a root acquainted with the concern who spoke to Reuters. KLA shares slid 2.4% successful premarket trading.

Zscaler (ZS) – Zscaler took a 4.9% premarket deed aft the unreality information institution announced the resignation of institution president Amit Sinha, who volition determination to a CEO presumption astatine a privately held exertion company. Sinha volition stay connected Zscaler's committee of directors.

Meta Platforms (META) – Meta was downgraded to "neutral" from "overweight" astatine Atlantic Equities, which besides lowered its terms people for the Facebook and Instagram parent's banal to $160 per share. The steadfast said Meta faces an progressively challenged maturation outlook owed to macroeconomic headwinds. Meta fell 1.3% successful premarket action.

BlackRock (BLK) – BlackRock was downgraded to "neutral" from "buy" astatine UBS, with the terms people for the plus absorption firm's banal chopped to $585 per stock from $700. UBS said BlackRock faces immoderate hazard from its presumption connected ESG investing, arsenic good arsenic constricted disbursal flexibility. BlackRock is acceptable to study quarterly net connected Thursday. BlackRock fell 2% successful premarket trading.

Roblox (RBLX) – Roblox slumped 4.3% successful the premarket aft the banal was rated "underweight" successful caller sum astatine Barclays. The steadfast said the gaming level relation was a premier beneficiary of the pandemic, but that maturation whitethorn beryllium challenged going guardant arsenic its cardinal markets already person precocious penetration rates.

Lululemon (LULU) – The apparel maker's banal added 1.4% successful the premarket aft Piper Sandler upgraded it to "overweight" from "neutral," noting ongoing income momentum and an accidental for outperformance successful outerwear during the fall/winter season.

Warner Music Group (WMG) – The euphony publisher's banal rallied 3.4% successful premarket trading aft Goldman Sachs began sum with a "buy" rating. Goldman cites maturation successful subscription and ad-supported euphony streaming arsenic good arsenic caller licensing opportunities.