Stocks making the biggest moves premarket: Oracle, Uber, Pearson and others

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Check out the companies making headlines before the bell:

Oracle (ORCL) – The business software giant's shares fell 2.3% in the premarket after its adjusted quarterly profit of $1.13 per share fell 5 cents shy of estimates. Revenue was in line with forecasts. Oracle continues to see progress in shifting its customers to the cloud, with cloud revenue jumping 24% compared with a year ago.

Uber Technologies (UBER) – The ride-hailing company's shares rose 1.6% in premarket action after Deutsche Bank initiated coverage with a «buy» rating and a $50 price target. Deutsche Bank points to Uber's leading position in a fast-growing market as well as an attractive entry point for the stock.

Pearson (PSO) – The education publisher's stock spiked 20.1% in premarket trading after private equity firm Apollo said it was in the preliminary stages of evaluating a possible cash offer for Pearson. Apollo said there was no certainty an actual offer would be made.

Rivian (RIVN) – Rivian shares fell 8.5% in premarket action after the electric vehicle maker reported a wider than expected loss, and said supply chain issues would limit its factory output this year.

DiDi Global (DIDI) – DiDi shares plunged 12.7% in the premarket following a Bloomberg report that the ride-hailing company was suspending plans to list its shares in Hong Kong. People familiar with the matter said Didi failed to meet demands by China regulators that it overhaul its handling of sensitive user data.

Toyota Motor (TM) – Toyota slipped 1.7% in the premarket after saying it would cut production by up to 20% in April, May and June as it seeks to ease the strain on its suppliers, who are struggling to provide computer chips and other parts.

DocuSign (DOCU) –