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Stocks making the biggest moves before the bell: Alibaba, Lyft, Walgreens and more

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Alibaba shares jumped after the e-commerce giant said it would split its company into six separate business groups.

— Shares of the apparel company jumped more than 12% following a better-than-expected fourth quarter report. PVH generated $2.38 in adjusted earnings per share on $2.49 billion of revenue. Analysts surveyed by Refinitiv were expecting $1.67 in earnings per share on $2.37 billion of revenue.

Revenue from the Tommy Hilfiger and Calvin Klein brands grew by 3% each, and PVH's revenue guidance also topped expectations.— Shares gained 5% after Citi upgraded the Brazilian payment stock to buy on the back of fourth-quarter earnings. While the firm said the earnings report was largely unsurprising and the company was still in "rough waters," shares were more attractive following a bout of underperformance.

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