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Stocks making the biggest moves premarket: Paramount, Tesla, Constellation Brands and more

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Constellation Brands Inc News

MGM Resorts International,Eli Lilly And Co,Southwest Airlines Co

These are the stocks posting the largest moves in premarket trading.

Check out the companies making headlines before the bell. Paramount Global — Shares of Paramount Global surged more than 12% on news that Skydance Media has reached a preliminary deal to buy National Amusements, the company's controlling shareholder. The New York Times and Wall Street Journal first reported news of the agreement. Tesla — The electric vehicle maker rose nearly 3% , a day after posting stronger-than-expected delivery numbers for the second quarter.

Southwest Airlines — Shares were fractionally lower after the airline carrier announced it had adopted a shareholder rights plan. Southwest did so in response to activist investor Elliott Investment Management accumulating an 11% stake in the company. The new plan, which will be valid for a year, will be triggered if any entity holds at least 12.5% of the airlines' shares.

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