Stocks making the biggest moves in the premarket: PG&E, Hewlett Packard Enterprise, CarMax and more

Stocks making the biggest moves in the premarket: PG&E, Hewlett Packard Enterprise, CarMax and more

(PCG) – The California utility's shares jumped 2.3% in the premarket after it reached legal settlements over two fires in Northern California. PG&E will pay $55 million and will not face any criminal prosecution over those fires. (HPE) – The enterprise computing company's stock slid 3.5% in premarket trading after Morgan Stanley downgraded the stock to "underweight" from "equal weight" as part of an overall downgrade of the telecom and networking equipment industry. Morgan Stanley sees softening orders in the second half of 2022. (KMX) – The auto retailer's shares fell 2.2% in the premarket after a bottom-line miss for its latest quarter. CarMax earned 98 cents per share, falling short of the $1.25 per share consensus estimate, though revenue topped Street forecasts. The earnings miss came as sales volumes slowed and average selling prices continued to rise. (CRWD) – Crowdstrike jumped 3.6% in premarket action following a Goldman Sachs upgrade to "buy" from "neutral." Goldman thinks the cloud computing company has shown strong execution while demand continues to ramp higher. (ACI) – The supermarket operator earned 75 cents per share for its latest quarter, 11 cents a share above estimates. Revenues also came in above analysts' projections. Albertsons said