Stocks making the biggest moves premarket: Levi Strauss, Intuitive Machines, Wayfair and more

Check out the companies making headlines before the bell. Hertz Global — The car rental stock slid nearly 5% following a downgrade to sell from neutral at Goldman Sachs. Analyst Lizzie Dove believes that investors have yet to fully price in some near-term pressures. Block — Shares of the financial services platform slipped 3% following a downgrade to underweight from equal-weight at Morgan Stanley.

Levi Strauss — The company saw shares jump 8% after it topped first-quarter expectations on the top and bottom lines and lifted its full-year profit guidance. For the period, the retailer posted adjusted earnings of 26 cents per share on $1.56 billion in revenue. That surpassed the 21 cents and $1.55 billion expected by analysts polled by LSEG. Conagra Brands — Shares added more than 4% after the consumer packaged goods food company posted a fiscal third-quarter earnings and revenue beat.

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Levi Strauss's Direct-to-Consumer Business Booms, Accounts for Nearly 50% of RevenueLevi Strauss's direct-to-consumer business is booming and now accounts for nearly 50% of all revenue. The shift comes as department stores face an uncertain future in the U.S. and Levi's looks to grow its stores and website.
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