Stocks making the biggest moves pre-market: PXD, LEVI, TSLA, PHG

See which companies are making the biggest moves in premarket trading.

pioneer natural resources — Energy stocks surged nearly 10% in premarket trading after the Wall Street Journal reported Pioneer was close to reaching an acquisition deal. ExxonMobil That’s about $60 billion. Exxon shares fell 3%.

Levi Strauss — The denim clothing maker fell 1.3% after lowering its full-year sales forecast. Levi’s fiscal third-quarter revenue missed expectations, but earnings per share were slightly higher. The Levi’s CEO said consumers are buying fewer items due to inflation and rising mortgage and gasoline prices.

phillips — The Dutch health technology company fell more than 8.7% after the U.S. Food and Drug Administration said its 2021 sleep apnea device recall was inadequately handled. The FDA said additional testing is needed for the devices, known as continuous positive airway pressure (CPAP) machines. Competitor’s shares ResMed It rose almost 3%.

tesla — Tesla shares fell more than 1% after the EV maker cut the prices of some Model 3 and Model Y vehicles in the United States. The move follows the company’s third-quarter vehicle production and delivery update, which fell short of analysts’ expectations.

Apellis Pharmaceuticals — Shares of the biopharmaceutical company rose 5.5% after Apellis reported increased sales of its Syfovre drug in August. JPMorgan upgraded the stock from neutral to overweight, saying Syfovre’s success will change its sentiment on Apellis heading into 2024.

Aehr Test System — Shares of Aehr Test Systems fell more than 11% despite the company reporting better first-quarter earnings and revenue. The company also reaffirmed its guidance for the fiscal year.

frontmost line — Shipping stocks fell 4.8% in premarket trading after Euronav said its second shareholder, Compagnie Maritime Belge, would acquire Frontline’s Euronav shares for $18.43 per share.

— CNBC’s Tanaya Macheel and Jesse Pound contributed reporting.