Stocks making the biggest moves in the premarket: Palantir, Rivian, Uber and more

cnbc.com:

Take a look at some of the biggest movers in the premarket:

Palantir Technologies (PLTR) – The data analytics software company's shares plunged 15.1% in premarket trading after posting a mixed quarter. Palantir reported profit of 2 cents per share, compared to a 4 cents a share consensus estimate. Revenue was higher than expected, however, despite slowing growth in its government business. Palantir also issued a softer-than-expected current-quarter revenue forecast.

Rivian (RIVN) – Ford Motor (F) is selling 8 million of its 102 million share stake in the electric vehicle maker, according to sources who spoke to CNBC's David Faber. The move comes as the insider lockup period for selling the stock expires. Rivian shares plummeted 15.6% in the premarket.

Uber Technologies (UBER) – Uber plans to slash spending on marketing and incentives and be deliberate about adding workers, according to a staff email obtained by CNBC. CEO Dara Khosrowshahi said the ride-hailing and food delivery company said Uber needs to become a leaner business to address a «seismic shift» in investor sentiment. Uber fell 3% in the premarket.

Coty (COTY) – Coty reported quarterly earnings of 3 cents per share, beating the penny a share consensus estimate. Revenue topped forecasts as well and the cosmetics company raised its full-year outlook on strong demand for its products. The stock rose 1.7% in the premarket.

Energizer (ENR) – The battery maker beat estimates by 9 cents a share, with quarterly profit of 47 cents per share. Revenue topped Street forecasts as Energizer raised prices. Its shares gained 2.3% in the premarket.

Elanco Animal Health (ELAN) – Elanco fell 4.3% in premarket action after the animal health products company lowered its full-year