Stocks making the biggest moves premarket: Netflix, Paramount, Sunnova Energy & more

Check out the companies making headlines before the bell. Ulta — The beauty chain slipped more than 1% following a downgrade to hold from buy at Jefferies. Analyst Ashley Helgans cited mounting pressure from competitor Sephora as well as a "lack of newness" as two reasons for the change.

Intuitive Surgical reported adjusted earnings of $1.50 per share last quarter, while analysts polled by LSEG had estimated $1.41. Western Alliance — Shares slipped 2% after the firm missed earnings expectations in its latest quarter. Western Alliance reported earnings of $1.60 per share, while FactSet had estimated this at $1.64 per share. KB Home — The homebuilding stock climbed 1.6% after announcing a share repurchase plan amounting up to $1 billion .

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