Toyota vehicles are displayed on the sales floor at Toyota Marin in San Rafael, California, on May 11, 2022.
Justin Sullivan | Getty Images News | Getty Images
Check out the companies making the biggest moves in premarket trading.
Toyota — Shares of the Japanese automaker jumped about 5% afterward. shareholders re-elected chairman Akio Toyoda to the board of directorsin the broad support of company management and the new strategy of electric vehicles.
Logitech International — Shares of the computer accessories company fell more than 10% after Logitech said CEO Bracken Darrell is leaving for an outside opportunity. Citi downgraded the stock from buy to neutral, saying Logitech needs to provide more clarity on its long-term plans following the leadership change.
Advanced Micro Devices — The chip maker gained 3% in pre-sales. On Tuesday, Advanced Micro Devices said it would begin shipping the most advanced GPU for artificial intelligence to some customers later this year. Amazon Web Services is considering using new chips, This was reported by the Reuters agency Wednesday.
UnitedHealth — Shares fell nearly 6% premarket after comments by UnitedHealth Chief Financial Officer John Rex on a conference call this week that non-urgent surgery volumes increased in the second quarter. Other managed care companies also fell, with Humana down 7.5% and Cigna down 3.6%.
SoFi technology — Presale shares added 3.25%. BTIG named SoFi a top choice in the fintech sector when student loan repayments resume. The Wall Street firm’s $14 price target represents a more than 46% upside from Tuesday’s close.
— CNBC’s Hakyung Kim and Jesse Pound contributed reporting.