Stocks making the biggest premarket moves: Activision Blizzard, Chewy, Yelp, Tesla and more

Check retired the companies making the biggest moves earlier the bell:

Activision Blizzard — The video-game shaper popped 4% aft Microsoft and Sony signed a woody to support "Call of Duty" connected Sony's PlayStation gaming consoles pursuing Microsoft's acquisition of Activision Blizzard.

Chewy — Shares jumped much than 5% aft Goldman Sachs upgraded them to bargain from neutral. The steadfast said the e-commerce favored products institution has an charismatic risk-reward illustration and could spot margins expand.

PepsiCo — The beverage elephantine dropped 1.2% pursuing a downgrade by Morgan Stanley to adjacent value from overweight. Pepsi's beardown net study and imaginable upside are present priced into the stock, resulting successful constricted upside ahead, Morgan Stanley said.

Yelp — Shares gained 3.6% aft being upgraded by Goldman Sachs to bargain from neutral. The Wall Street slope besides raised its terms people to $47, suggesting 23.3% upside from Friday's close. Goldman cited rising advertizing trends, incremental borderline accidental and accrued shareholder returns successful the years up for the call.

Tesla — The electric-vehicle shaper added astir 2% successful the premarket. On Saturday, the institution said it built its archetypal cybertruck aft 2 years of delays.

Paramount Global — Shares of the amusement institution fell 2.8% successful premarket trading aft the latest installment successful the "Mission: Impossible" franchise underperformed expectations astatine the container office. The movie earned $56.2 cardinal domestically implicit the play — which was beneath the erstwhile movie successful the franchise — and $80 cardinal implicit its archetypal 5 days of release, according to Variety.

AT&T — Shares shed 1.5% pursuing a downgrade by Citi to neutral from buy. The Wall Street steadfast cited the industry's humanities usage of cabling sheathed successful pb weighing connected the institution for astatine slightest a fewer months oregon perchance longer.

State Street — The fiscal elephantine slipped astir 2% successful premarket trading. The banal was downgraded by JPMorgan to underweight from neutral pursuing State Street's net merchandise Friday. State Street's second-quarter gross missed estimates, sending shares 12.1% little connected Friday.

Figs — Shares of the apparel institution fell 4.6% successful premarket trading aft Raymond James downgraded Figs to marketplace execute from outperform. A slowing system and the restart of pupil indebtedness payments could wounded Figs' maturation successful the adjacent term, according to Raymond James.

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