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Stocks making the biggest moves premarket: UPS, Lucid, Beyond Meat, Novo Nordisk and more

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Chegg shares surge over 20% after beating revenue expectations and announcing AI-focused strategies integration.

— Chegg shares surged more than 20% after topping second-quarter revenue expectations and outlining plans to integrate AI-focused strategies. The educational technology company posted revenues of $183 million, ahead of the $177 million expected by analysts, per Refinitiv. Earnings came shy of the 29 cents expected per share at 28 cents.— The telehealth stock added 17% on better-than-expected quarterly results.

Hims also raised forward guidance for the third quarter to a range of $217 million to $222 million.— The plant-based meat company fell more than 14% after missing on second-quarter revenue, citing weak U.S. demand. Beyond Meat reported an adjusted loss of 83 cents per share on $102.1 million in revenue, while Refinitiv forecasted 86 cents and $108.4 million.

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Stocks making the biggest moves after hours: Chegg, Beyond Meat, Paramount Global, Celanese and moreThese are the stocks posting the largest moves in extended trading. Hims & Hers Health — Stock in the telehealth company climbed 16% after an earnings beat. Hims & Hers posted a second-quarter loss of 3 cents per share on revenue of $208 million. Analysts polled by Refinitiv called for a 5 cent loss per share and revenue of $205 million.
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