Stocks making the biggest moves premarket: Coinbase, AMC, Chewy, First Republic and more

— Shares of the regional bank edged 1.3% higher in premarket trading. Regions slid more than 6% on Wednesday after the Fed's decision to increase benchmark interest rates by 25 basis points and on comments from Chair Jerome Powell that the banking system is well equipped and safe.

— Shares of the pet products e-commerce company fell more than 5% despite Chewy beating estimates on the top and bottom lines for the fourth quarter. The company reported earnings of 1 cent per share on $2.71 billion of revenue. Analysts surveyed by Refinitiv had penciled in a loss of 11 cents per share on $2.64 billion of revenue. However, the company's active users metric was marginally lower year over year.

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Chewy stock dips as earnings show shrinking customer count, forecast of no profit growthChewy shares declined in late trading after executives reported a surprise holiday profit but a shrinking customer count and disappointing profit guidance. street has lost their ever loving minds BUY BUY BUY OVERSOLD THIS STOCK WILLL BE 50+ BY YEARS END BANK IT
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