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Stocks making the biggest moves before the bell: Alibaba, Lyft, Walgreens and more

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Alibaba shares jumped after the e-commerce giant said it would split its company into six separate business groups.

— Shares of the apparel company jumped more than 12% following a better-than-expected fourth quarter report. PVH generated $2.38 in adjusted earnings per share on $2.49 billion of revenue. Analysts surveyed by Refinitiv were expecting $1.67 in earnings per share on $2.37 billion of revenue.

Revenue from the Tommy Hilfiger and Calvin Klein brands grew by 3% each, and PVH's revenue guidance also topped expectations.— Shares gained 5% after Citi upgraded the Brazilian payment stock to buy on the back of fourth-quarter earnings. While the firm said the earnings report was largely unsurprising and the company was still in "rough waters," shares were more attractive following a bout of underperformance.

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Alibaba's and Lyft's stocks surge, Tommy Hilfiger parent PVH shares rally and other stocks on the moveAlibaba’s and Lyft’s stocks surge, Tommy Hilfiger parent PVH shares rally and other stocks on the move
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