Stocks making the biggest moves in the premarket: Ford, General Motors, Rivian and more

There are some of the biggest moves in the pre market.

Ford was cut to "sell" from "neutral" and GM was lowered to "neutral" from "BUY". Three years of unprecedented pricing power has caused the auto industry to move toward vehicle oversupply. Ford and GM were both down in the pre market.

Rivian shares fell 9% in the premarket after it recalled nearly all of its vehicles. There have been no injuries as a result of the problem.

Mizuho upgraded the restaurant-focused technology platform provider to "BUY" from "neutral", saying the profit and sales potential from Toast's services are in focus. The toast rallied in the pre market.

In September, the company delivered more than 83,000 vehicles, up 8% from August and its highest-ever monthly total. The stock lost ground in premarket trading after the company's price target was cut.

Australian mining company GME Resources signed a nickel and cobalt supply agreement with Stellantis. An agreement was signed with Australia's Vulcan Resources.

Goldman Sachs upgraded the food maker's stock to "BUY" from "neutral" before the market opened. One of the few consumer staple stocks where the prospect of higher profit margins is not fully priced into the stock, according to Goldman.

The consumer products giant's shares fell in premarket trading after Goldman lowered its rating on the stock to "neutral" from "buy." Goldman's updated view shows valuation concerns.

Guggenheim upgraded the stock to "BUY" from "neutral" and the stock rose in the pre market. The drugmaker is expected to beat profit consensus on good growth prospects for key products, according to the firm.