Stocks making the biggest moves premarket: United Parcel Service, Microsoft, Caterpillar and more

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Stocks making the biggest moves premarket: United Parcel Service, Microsoft, Caterpillar and more
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These are the stocks posting the largest moves in premarket trading.

Check out the companies making headlines before the bell: United Parcel Service — Shares fell more than 14% in premarket trading after the delivery giant said it reached a deal with Amazon , its largest customer, "to lower its volume by more than 50% by the second half of 2026." UPS also said it is launching a multiyear effort to cut $1 billion in costs.

96 billion, which is what analysts surveyed by LSEG had estimated for the period. In addition, full-year subscription revenue is expected to be weaker than analysts had forecast. International Business Machines — Shares popped almost 10% in the premarket after the legacy tech company reported fourth-quarter earnings that beat analysts' expectations. The company earned $3.92 per share, excluding items, while analysts polled by StreetAccount anticipated a profit of $3.78 per share.

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