Stocks making the biggest moves premarket: Visa, Starbucks, Salesforce, Lowe's and more

Check out the companies making headlines in premarket trading. Thor Industries — Shares dropped 2% after the RV maker issued disappointing fiscal year earnings guidance. The company expects earnings per share to range between $4 and $5, well below a StreetAccount estimate of $6.27 per share. Arlo Technologies — The security systems company popped 3% after authorizing a $50 million share repurchase program. It comes amid a strong year, with shares surging about 24.5% in 2024.

Salesforce — The software stock rose 2% after Piper Sandler upgraded Salesforce to overweight and lifted its price target, citing a favorable risk-reward given the potential for the company's free cash flow per share to double by fiscal year 2029. Artificial intelligence could also boost Salesforce's product innovation, the firm said. Lowe's — The home improvement stock added 1.2% following an upgrade to outperform from perform at Oppenheimer.

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