Stocks making the biggest moves premarket: PVH, UnitedHealth, CVS Health, ChampionX and more

Explore the notable company movements that have taken place before the bell:

PVH – PVH, the parent company of Calvin Klein and Tommy Hilfiger, saw its shares plunge over 21% following weak revenue predictions for Q1 and the entire year. Despite beating quarterly estimates, the retailer expressed concerns over a challenging macroeconomic backdrop and specific weaknesses in the European zone.

Humana, UnitedHealth – Managed Care stocks in the health insurance sector fell after a 3.7% increase in 2025 rates by the Center for Medicare and Medicaid Services, which was previously proposed. Investors were expecting a larger increase. This led to a 9.6% fall for Humana, while CVS Health and the UnitedHealth Group saw declines of 5.3% and 4% respectively.

Estee Lauder – The cosmetics giant saw a more than 2% rise in its shares following an upgrade from neutral to buy by Citi. The major banking player stated that Estee Lauder is nearing a pivotal moment, with channel inventories and financials beginning to stabilize.

Blackstone – Blackstone experienced a 1% decrease in shares after UBS downgraded the alternative asset manager to neutral. According to UBS, the stock could face downward pressure owing to the sluggish recovery in the real estate market.

Trump Media and Technology – The holding company for Truth Social saw more than a 2% drop in shares, adding to a more than 21% fall on Monday. It was disclosed that the company generated less than $5 million in revenue in 2023.

Figs – Shares of the scrubs manufacturer fell 4.5% following a downgrade from Bank of America. The pandemic-induced surge in demand is slowing down and healthcare workers face a challenging macroeconomic climate.

GE Aerospace – Shares for General Electric edged up by 0.6% as the company finished spinning off its energy business from its aerospace division. The new company, GE Vernova will commence trading on the NYSE under the ticker GEV, while General Electric, now GE Aerospace, will maintain its existing GE ticker symbol.

ChampionX – The oilfield equipment manufacturer’s shares surged by 10% upon news that SLB will acquire it in an all-stock transaction valued at $7.7 billion. The deal is slated to close by the end of 2024.