Stocks making the biggest moves premarket: World Wrestling Entertainment, Bed Bath & Beyond, Tesla, Costco and more

Chief Brand Officer and TV Personality of WWE, Stephanie McMahon delivers her keynote address at the opening of Sports Matters in conjunction with All That Matters 2016 in Singapore on September 14, 2016.

Companies are making news in pre market trading.

Vince McMahon was elected himself executive chairman of the company despite retiring last year due to a sexual harassment scandal.

The retailer dropped 12.4% after management said the company is low on cash and may need to file for Chapter 11. KeyBanc lowered its price target on the stock due to the concern of bankruptcy and weak fundamentals.

The electric-vehicle maker lowered the prices of its cars in China.

Silvergate Capital added to its Thursday losses after it was upgraded to neutral from overweight by JP Morgan. The company's long-term profitability was called into question due to Silvergate's worse than expected deposit outflows. The shares lost 42% on Thursday.

After the company reported a good sales number for December, shares of the wholesale retailer dipped more than 1%. Net sales for the month of December were $23.8 billion, an increase of 7 percent over the same month in the previous year.

Wells Fargo upgraded the athletic wear maker to overweight from equal weight, citing the company's attractive share price. Ulta was demoted to under weight from equal weight. The company moved it to equal weight from overweight.

The solar companies' shares gained more than 1% after Wells Fargo upgraded them to overweight. An improved regulatory backdrop and long-term tailwinds were cited by analysts.

Discover Financial and Synchrony Financial were under pressure after being lowered to equal weight from overweight byBarclays. If the economy goes into a recession, these stocks are likely to fall. Discover and Synchrony both fell in pre market trading.

CNBC contributed reporting along with Tanaya Macheel and JessePound.