These stocks were poised to make moves Wednesday:

Chinese ADRs dropped in premarket trading Wednesday as investors mulled the sustainability of China’s rally. YINN fell 12%; Alibaba, PDD Holdings, and Baidu fell 4%; JD.com, NIO, and Li Auto fell 5%; XPeng and Bilibili fell 6%.

SAP SE shares dropped 3.6% in premarket trading Wednesday. The U.S. is investigating several companies, including German software developer SAP SE and Carahsoft Technology, for potentially conspiring to overcharge government agencies over the course of a decade, Bloomberg News reported late on Tuesday.

Stitch Fix shares tumbled 25.3% in premarket trading Wednesday after the online personal styling service reported a wider-than-expected loss for its fiscal fourth quarter and issued disappointing guidance.

Amgen shares slipped 1.9% in premarket trading Wednesday after it reported Phase 3 data for two of its drugs, Uplizna and rocatinlimab, via a presentation posted online Tuesday evening.

Shares of KB Home fell after the company posted a third-quarter profit that missed analyst expectations and lowered its housing gross profit margin outlook. The stock fell 6.4% to $81.81 in premarket trading Wednesday.

Tesla stock dropped 1% in premarket trading Wednesday after a 7% surge in the previous two trading days. Analysts highlighted several potential catalysts that could provide a boost for the electric vehicle (EV) manufacturer.

In a note to clients Monday, Barclays analysts said Tesla could exceed expectations with its third-quarter vehicle deliveries. Analysts at Goldman Sachs and Bank of America also suggested Tesla could impress investors with its robotaxi event next month.