Check out the companies making the biggest moves in premarket trading:Tesla — Shares dropped 1.9% after Goldman Sachs became the latest Wall Street bank to downgrade the electric vehicle maker to neutral from buy.
Goldman cited the difficult pricing environment for electric vehicles, as well as the stock's recent run up, for the call.
Moderna — The drugmaker gained 2.5% following an upgrade by UBS to buy from neutral.
Alphabet — The Google parent slid 1.4% after being downgraded by UBS to neutral from buy.
PacWest — The regional bank jumped nearly 6% following the announcement that Ares Management acquired $3.5 billion specialty finance portfolio from PacWest.
Persons:
Goldman Sachs, Goldman, Aston Martin
Organizations:
Moderna, UBS, Google, Pfizer, Ares Management
Locations:
South Burlington , Vermont