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FedEx shares are falling, Nio's are rising and other stocks on the move

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One of Wednesday's biggest moving stocks ahead of the open was FedEx, which disappointed investors with its full-year profit forecast. Nio and Tesla were on...

Shares of Nio Inc. NIO rose 2% after a near 4% gain in Hong Kong as the Chinese electric-vehicle maker unveiled plans for an investment of more than $1 billion from an Abu Dhabi government-backed fund.Shares of Nio Inc. NIO rose 2% after a near 4% gain in Hong Kong as the Chinese electric-vehicle maker unveiled plans for an investment of more than $1 billion from an Abu Dhabi government-backed fund.

Tesla Inc. TSLA stock rose 1.3% in premarket trading. The EV maker’s chief executive Elon Musk met Tuesday with India’s Prime Minister Narenda Modi, and said his company will be in India “as soon as humanly possible.”Shares of FedEx Corp. FDX dropped nearly 3% in premarket trading after the logistics company’s full-year profit forecast fell short of expectations.

La-Z-Boy Inc. shares LZB fell 1.5% in late Tuesday trading after the furniture maker’s poor sales outlook overshadowed its earnings beat. Shares of MSG Entertainment fell 5.4% in late trading on Tuesday. Live entertainment provider Sphere Entertainment Co. SPHR will sell 5.25 million shares of Madison Square Garden Entertainment Corp. MSGE , Madison Square Garden said on Tuesday.

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