Stocks making the biggest moves premarket: Johnson & Johnson, Rivian, Lordstown and more

Stocks making the biggest moves premarket: Johnson & Johnson, Rivian, Lordstown and more

— Shares of Johnson & Johnson rose nearly 4% in premarket trading on Friday after announcing plans to split its consumer health business off from its pharmaceutical and medical device operations. — Shares of the newly public electric carmaker continued to rally in premarket trading on Friday after rising more than . This followed Wednesday's market debut where the stock surged 29%. The - and -backed company already surpassed both Ford and  by market cap, reaching a valuation of $104.9 billion.  — Shares of the auto startup plummeted 10% in premarket trading on Friday after the company reported another quarter with no revenue. Lordstown said it plans to produce and deliver its Endurance truck in the third quarter of 2022. The company's loss per share was narrower than expected in its most recent quarter, according to Refinitiv. BTIG also downgraded Lordstown Motors to neutral from buy.  — Software company WM Technology was 13% lower in premarket trading on Friday after missing on the top and bottom lines of its quarterly results. WM Technology's fourth-quarter guidance also came in under expectations. —Shares of the chip stock fell slightly in premarket trading on Friday after Nvidia to neutral from