Stocks making the biggest moves premarket: Twitter, Goldman Sachs, UnitedHealth and others

The companies are making news before the bell.

Musk offered to take the company private for $54.20 per share, which was 8.2% higher in premarket trading. The value of the deal is more than $43 billion.

Goldman shares rose 2% premarket after the investment bank reported better-than- expected first-quarter profit and revenue. The rapidly evolving market environment had a significant impact on client activity.

Morgan Stanley earned $2.02 per share for the first quarter, beating the $1.68 consensus estimate, with revenue coming in above estimates as well. The bank said that the results came despite market volatility and economic uncertainty.

Revenue was slightly below analyst projections, but Wells Fargo reported adjusted quarterly earnings of 88 cents per share, 8 cents above estimates. The bank said it would be helped by rising interest rates, but that the Fed actions and the war in Ukraine add to economic growth risks. The stock fell before the market opened.

The health insurer reported an adjusted quarterly profit of $5.49 per share, 11 cents above estimates, with revenue also topping Wall Street forecasts. The company raised its full-year outlook because of growth in its Medicare Advantage business.

The drug store operator lost an adjusted $1.63 per share for its latest quarter, larger than the 57 cent loss expected by Wall Street analysts. The fiscal 2023 loss projected by Rite Aid is smaller than analysts had anticipated. In premarket trading, shares rose as much as 5.5%.

The call was largely based on an attractive valuation for the delivery service, which led to a 1% rise in the stock.

Western Digital and Seagate Technology were both moved to neutral by Susquehanna Financial. Western Digital and Seagate both fell in premarket trading.

Rent The Runway's stock was volatile in premarket trading after it reported a smaller-than- expected loss, as well as revenue and profit margins that exceeded Street forecasts. The stock initially dipped in off-hours trading as investors focused on a lighter-than- expected forecast for the current quarter, then moved higher before losing its gains again.