Premarket Trading Movers on Wednesday

Here’s a look at the biggest movers in early premarket trading on Wednesday.

• ChargePoint Holdings (NYSE:CHPT) shares rose 9% due to collaboration with General Motors (NYSE:GM) for installing ultra-fast electric vehicle charging ports across the U.S. through an incentive program with third-party operators.
• General Mills (NYSE:GIS) shares slid 4% as the company targeted organic sales for the full year at the lower end of previously given ranges because of higher promotional investments. The food company also reduced its top earnings forecast.
• Birkenstock (NYSE:BIRK) shares increased 7.9% in premarket trading after the footwear company’s fourth-quarter revenue and earnings exceeded expectations.
• Shares in Target (NYSE:TGT) and Best Buy (NYSE:BBY) rose around 1% after both retailers were added to the tactical outperform list at Evercore ISI.
• Heico (NYSE:HEI) stock decreased 5.7% after the manufacturer’s sales fell short of estimates, largely due to a decline in the electronic technologies group.
• Ollie's Bargain Outlet (NASDAQ:OLLI) rose 3% after Citi double-upgraded the retailer to buy, removing the stock’s only negative rating.