Stocks making the biggest premarket moves: Advance Auto Parts, Icahn Enterprises, Meta, and more

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

Advance Auto Parts — Advance Auto Parts declined 2.4% successful the premarket aft Atlantic Equities connected Monday downgraded the banal to underweight, and chopped its terms people to $50. That represents astir 28% downside. Analyst Sam Hudson said the firm's "ongoing anemic show arsenic indicative of structural challenges and important stock losses."

Icahn Enterprises — Shares popped 10% pursuing a Wall Street Journal report that Carl Icahn untied his idiosyncratic loans from the banal price, successful effect to recent attacks by a abbreviated seller that alleged "inflated" plus valuations.

Meta Platforms — Shares of the societal media institution roseate astir 1% successful premarket trading. Meta's caller online level Threads has attracted implicit 100 cardinal users since its motorboat past Wednesday, according to the tracking site, Quiver Quantitative. CEO Mark Zuckerberg said past week the accelerated growth was "way beyond our expectations."

Cava — The edifice concatenation gained 3% aft JPMorgan initiated coverage of the banal with an overweight standing and $45 terms target, suggesting astir 14% upside from Friday's close. The steadfast cited Cava's well-capitalized concern exemplary and full addressable marketplace accidental for the call.

Fisker — The electrical conveyance maker's banal roseate little than 1% aft the institution announced a $340 cardinal convertible enactment offering, with the imaginable to summation it to $680 million. Fisker said it intends to usage the nett process for wide firm purposes, including moving capital, an further artillery battalion enactment and the improvement of aboriginal products.

Charles Schwab — Shares of the brokerage steadfast roseate 1.9% successful premarket trading aft JMP upgraded Schwab to marketplace outperform from marketplace perform. The steadfast said successful a enactment to clients that Schwab should payment from stabilizing cash-sorting trends and debased expectations heading into net season.

Shockwave Medical — The banal added 2.8% aft being upgraded by Morgan Stanley to overweight from in-line. The steadfast said it expects a coagulated betterment successful outpatient reimbursement.

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