Stocks making the biggest moves premarket: Macy's, Lowe's, Peloton, Zoom Video and more

Check out the companies making headlines in premarket trading. Macy's — The department store operator added about 3% after beating earnings estimates for the first quarter and raising its full-year outlook. Macy's touted its turnaround plan as a driver for the strong results. Lowe's — The home improvement stock rose more than 2% after the company's first-quarter results topped estimates. Lowe's reported $3.06 in earnings per share on $21.36 billion of revenue.

6% decrease from the fourth quarter of 2023. Peloton — Shares fell 4% after the connected fitness company said it plans to start a " global refinancing " process which will include offering $275 million in convertible senior notes due 2029 and entering into a $1 billion five-year term loan. It also intends to buy back $800 million of its existing debt. Peloton has struggled with falling sales and recently announced a restructuring plan.

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