Stocks making the biggest moves premarket: Honest Company, Rivian, Illumina and others

The companies are making news before the bell rings.

Honest Company's stock rose in the premarket despite a wider-than- expected quarterly loss. Due to cost pressures, the maker of natural consumer products now sees a wider full-year loss, but expects improvement as the year goes on, including positive adjusted earnings for the fourth quarter.

Rivian shares fell after the electric vehicle maker increased its loss estimate. Prior production guidance was affirmed as well.

Illumina plummeted in the premarket after the company reported a lower than expected profit and revenue, and issued a disappointing outlook. Growth in the use of its gene-sequencing platform is being offset by a challenging economy.

The restaurant payment technology company increased its full-year earnings outlook. Toast reported a loss for the quarter, but it was less than analysts had predicted, and the company noted a record number of new locations using its technology.

Poshmark fell in the pre market after the online fashion retailer issued weaker revenue guidance than expected. The company reported a loss but sales were better than expected.

The private jet company's stock added 2% in premarket action after it reported better-than- expected quarterly revenue. There was a 16% increase in active users.

Olo plunged in premarket trading after the restaurant software maker issued a weaker-than- expected current quarter and full year revenue outlook.

The provider of online legal forms reported better than expected quarterly earnings.