Check out the companies making the biggest pre-market moves: Energy stocks — Stocks of energy companies rose as U.S. oil prices soared after President Donald Trump said the ceasefire with Iran is over. Diamondback Energy rose more than 3%. APA Corporation and Occidental Petroleum rose more than 2.5%. Chevron rose more than 2% in premarket trading, and ExxonMobil rose 1.5%. Cruise lines, airlines — Meanwhile, companies heavily affected by fuel prices fell as oil prices rose. Carnival Corporation fell 3.5% and Norwegian Cruise Line fell 3%. United Airlines also fell 3%, and Delta Air Lines fell nearly 2%. SpaceX — The company’s shares bucked a downward trend in premarket trading Wednesday, rising just under 0.5%, rebounding slightly from Tuesday’s decline of more than 6.5%. SpaceX fell below its initial IPO trading price of $150 as of Tuesday’s close. Memory stocks — The sector’s decline continued Wednesday, with stocks falling across the board. SanDisk fell more than 5.5% and Western Digital fell 5%. Micron Technology fell 4.5% and Seagate Technology fell 3.5%. Bath & Body Works — The retailer fell more than 4% after Goldman Sachs downgraded the stock from neutral to sell. Analysts at the bank said the company’s expansion into third-party distribution could cannibalize its own retail business. Estee Lauder — The cosmetics maker fell 2% after it disclosed in a regulatory filing that the cost of its restructuring plan is now estimated to reach $1.75 billion. The company’s previous estimates had estimated the cost to be about $1.55 billion. Rivian Automotive — Shares of the electric vehicle maker fell nearly 4% on Tuesday after the stock suffered its worst day since February 2024. Rivian fell 18% after the company announced a public offering of 75 million shares to raise capital.
