Stocks making the biggest premarket moves: Eli Lilly, Travelers, United Airlines, Alcoa and more

Check out the companies making the biggest moves in premarket trading: Eli Lilly , ResMed — Eli Lilly's stock moved 2% higher following the pharmaceutical giant's announcement that its weight loss drug Zepbound showed the potential to treat patients with obstructive sleep apnea. Shares of ResMed, which makes devices to treat the sleep-related breathing disorder, tumbled nearly 4% on the news.

Holding — U.S.-listed shares sank 5% after the Dutch semiconductor company posted revenue and new bookings that came in below consensus estimates. Urban Outfitters — Shares of the retail company fell 5% after a downgrade to underperform from hold by Jefferies. The investment firm said that foot traffic growth appears to be slowing at Urban Outfitter's branded stores.

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Eli Lilly’s weight loss drug Zepbound found to reduce sleep apnea, company saysBerkeley Lovelace Jr. is a health and medical reporter for NBC News. He covers the Food and Drug Administration, with a special focus on Covid vaccines, prescription drug pricing and health care. He previously covered the biotech and pharmaceutical industry with CNBC.
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