Stocks making the biggest moves premarket: Dick's Sporting, Express, Wendy's and more

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Check out the companies making headlines before the bell:

Dick's Sporting Goods (DKS) – The sporting goods retailer's shares slid 14.4% in the premarket after it issued a weaker-than-expected outlook for the full year as it adjusts for what it calls challenging macroeconomic conditions. Dick's reported better-than-expected profit and revenue for its latest quarter, and comparable-store sales that fell less than expected.

Express (EXPR) – The apparel retailer's shares jumped 11.8% in premarket trading after reporting quarterly results that were better than expected. Express lost an adjusted 10 cents per share, narrower than the 15-cent loss anticipated by analysts, and revenue topped forecasts as well. Express also raised its full-year outlook for comparable-store sales.

Wendy's (WEN) – Wendy's rallied 8.8% in premarket action after long-time shareholder Trian Fund Management said it was exploring an acquisition or other potential deal for the restaurant chain. Trian is the company's largest shareholder, with a 19.4% stake.

Dell Technologies (DELL) – Dell added 1% in premarket trading after Evercore added the information technology company to its «Tactical Outperform» list. Evercore believes IT demand trends remain strong enough to lead to an earnings beat and a raised outlook when Dell reports quarterly earnings Thursday.

Lyft (LYFT) – Lyft plans to cut budgets and slow hiring, moves similar to those recently announced by ride-sharing rival Uber Technologies (UBER). Lyft shares are down more than 60% this year, including a more than 17% tumble Tuesday.

Nordstrom (JWN) – Nordstrom rose 5.3% in the premarket after the retailer raised its annual sales and profit forecast, a contrast to other big box