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Stocks Making the Biggest Moves Premarket: Hormel Foods, Campbell Soup, Ciena and Others

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These are the stocks posting the largest moves before the bell.

– Five Below gained 3.2% in the premarket despite top and bottom line misses for its latest quarter. The jump in the discount retailer's shares comes after Chief Financial Officer Kenneth Bull said Five Below is poised to benefit this coming holiday season from consumer efforts to save money in the face of high inflation. – MongoDB shares slumped 16.8% in premarket trading after the cloud computing company predicted a wider-than-expected loss for the second half of the year.

said some of its chips would be impacted by those new requirements, and its stock fell 2.6% in off-hours trading.

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