Stocks making the biggest moves in the premarket: Palantir, Rivian, Uber and more

Take a look at some of the biggest moves.

The data analytics software company's shares plummeted in premarket trading after posting a mixed quarter. The company reported a profit of 2 cents per share. Despite slowing growth in its government business, revenue was higher than expected. The revenue forecast was softer than expected.

According to sources who spoke to CNBC, Ford is selling 8 million of its shares in Rivian. The lockup period for selling the stock is about to end. Rivian shares plummeted in the premarket.

According to a staff email obtained by CNBC, the company plans to cut spending on marketing and incentives. The CEO said that the company needs to become a leaner business to address investor sentiment. The premarket was down 3%.

Coty reported quarterly earnings of 3 cents per share, beating the penny a share consensus estimate. The cosmetics company raised its full-year outlook because of strong demand for its products. The stock was up in the premarket.

Energizer beat estimates by 9 cents a share and posted a profit of 47 cents per share. Energizer raised prices and revenue topped forecasts. Its shares rose in the premarket.

The animal health products company lowered its full-year outlook, reflecting the impact of a stronger U.S. dollar. The company reported slightly better-than- expected revenue and profit for the most recent quarter.

Tyson Foods stock rose 1% in the premarket after the company beat profit and revenue estimates. Tyson earned $2.29 per share, compared to a $1.91 a share consensus estimate.

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In an investor presentation obtained by the New York Times, Musk detailed his financial goals for Twitter. quintuple revenue is one of the goals and it will be achieved by the year 2028. The social networking site fell in premarket trading.

Third Point's Daniel Loeb told investors that he has added to his stake in Shell, according to a letter. In the letter, he said that he held constructive talks with management, the board and shareholders about his call for the company to split itself up. Shell shares fell in premarket trading.

Southwest Gas reached a settlement with investor Carl Icahn that will see the utility company replace its CEO and give Icahn as many as four board seats. Southwest Gas rose in the premarket.