Stocks making the biggest moves premarket: AMD, Levi Strauss, DraftKings and more

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AMD slid 5.3% in the premarket after cutting its sales forecast. The chipmaker said it is being hit by a larger than expected slump in the personal computer market.

Levi Strauss took a 5.3% premarket hit after cutting its full-year sales and profit outlook. The apparel maker is seeing an impact from higher costs, supply chain issues and a stronger U.S. dollar.

CVS shares fell 5% in premarket trading, following a downgrade of one of its Aetna Medicare Advantage plans in annual ratings issued by the Centers for Medicare and Medicaid Services.

DraftKings rallied 5.6% in premarket action after Bloomberg reported that the sports betting firm is close to striking a major new partnership with Walt Disney
’s (DIS) ESPN unit.

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