Stocks making the biggest moves premarket: FedEx, KB Home, Klaviyo and more

— Shares gained more than 5% after fiscal first quarter earnings results that topped expectations. FedEx reported adjusted earnings of $4.55 per share, greater than the $3.71 forecasted by analysts polled by LSEG. Its revenue of $21.7 billion was slightly below expectations of $21.74 billion.— The homebuilder stock fell more than 3% despite KB Home beating expectations in its third-quarter report. The company generated $1.80 per share on $1.59 billion of revenue.

— The marketing automation company stock slid more than 1% after it made its public debut. Shares opened Wednesday at $36.75 on the New York Stock Exchange. That was greater than the company's offering price of $30 per share.

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