Stocks making the biggest moves premarket: Capri, Tapestry, AppLovin, Disney and more

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Check out the companies making headlines before the bell:

Capri, Tapestry — Capri soared more than 57%, while Tapestry slid 3.2% in premarket trading. The moves come after luxury company Tapestry, which is behind the brands Coach and Kate Spade, announced Thursday it would acquire Capri Holdings in a roughly $8.5 billion deal. Capri owns the Versace, Jimmy Choo and Michael Kors brands. 

AppLovin — AppLovin shares popped 25.8% in early morning trading after the company posted strong second-quarter results and optimistic third-quarter revenue guidance. The game developer said it expects $780 million to $800 million in revenue for the third quarter, exceeding the $741 million expected by analysts. AppLovin reported earnings of 22 cents per share for the second quarter, while analysts expected 7 cents, according to Refinitiv.

Sonos — Sonos popped 5% after beating analysts' expectations in its latest quarterly results. The wireless speaker maker reported a loss of 18 cents per share on revenue of $373 million for its fiscal third quarter. Analysts polled by Refinitiv had expected a 20 cent loss per share on revenue of $334 million. Sonos also raised its full-year EBITDA guidance.

Alibaba Group — The U.S. listed shares of Alibaba rose 3.8% after the Chinese tech company beat analysts' expectations in its quarter ending June. It reported non-GAAP per-share diluted earnings of CNY17.37, more than the consensus estimate of CNY14.59, according to StreetAccount. It posted revenue of CNY234.16 billion, exceeding the CNY224.75 billion forecast. 

Wynn Resorts — Wynn Resorts gained 2.2% after exceeding expectations for its second quarter on the top and bottom lines. The casino operator posted adjusted earnings of 91