Stocks Making the Biggest Moves Premarket: FedEx, GameStop, Moderna and More

– The crafts retailer's shares tumbled 8.3% in the premarket after it missed quarterly sales expectations and noted a $60 million increase in ocean freight costs for 2021. Joann said the freight increase was among a number of significant supply chain headwinds and disruptions. – The restaurant chain's stock slid 4.7% in premarket trading after a double downgrade by Piper Sandler to"underweight" from"overweight.

– The solar equipment and software producer's 2 million shares offering was priced at $295 per share, compared with Thursday's close of $314.60. SolarEdge slid 3.4% in the premarket.

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Pfizer COVID antiviral: Dozens of companies to start making pillNearly three dozen companies in Asia, the Caribbean, the Middle East and Eastern Europe will soon start making either generic versions of Pfizer's coronavirus pill or the raw ingredients. This deal will make the antiviral nirmatrelvir, or Paxlovoid, available to more than half of the world's population.
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