Stocks making the biggest premarket moves: Peloton, Carvana, Cigna, Qualcomm and more

Check out the companies making the biggest moves in premarket trading: Peloton Interactive — Shares climbed 15% after the fitness company announced CEO Barry McCarthy will step down while it seeks a permanent CEO. Peloton also set a restructuring plan that will cut 15% of its staff, or about 400 employees. Once a pandemic darling, Peloton has seen its shares slide. The stock is down 47% year to date. Qualcomm — Shares rose more than 5% after the chipmaker on Wednesday posted $2.

But Cardinal topped adjusted earnings expectations. Nio — U.S.-listed shares of the Chinese electric vehicle maker rose 5% after Nio said it delivered 15,620 vehicles in April, more than double the year-earlier period. DoorDash — Shares dropped 7% one day after the food delivery service said it lost 6 cents per share on $2.51 billion in revenue in the first quarter, wider than the LSEG analyst consensus estimate for a loss of 4 cents per share but above the average forecast of $2.

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