Stocks making the biggest moves premarket: Ford Motor, Honeywell, MicroStrategy and more

Check out the companies making headlines before the bell: Ford Motor — The automaker fell 2.1% after Jefferies downgraded shares to underperform from hold . The firm mentioned concerns of an inventory overhang along with valuation. Honeywell — The industry giant saw shares rising 3% in premarket trading after the company said its board is exploring the possibility of separating its aerospace division.

Axon — The weapons manufacturer added nearly 3% on the news that the stock will be joining the Nasdaq-100 later this month. Keysight Technologies — The electronics manufacturer gained 2% following an upgrade at JPMorgan to overweight from neutral. The bank cited a broader cyclical recovery as well as Keysight's Spirent acquisition, which should provide the company greater leverage and a strong margin improvement cadence, as catalysts. Micron Technology — Shares rose nearly 4%.

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