Check out the companies making the biggest moves premarket: Nike — The apparel company fell more than 3% after it reported a sales decline of 12% in the Greater China market. Despite the significant decline in a key market, Nike still reported an earnings and revenue beat in its fiscal fourth-quarter financial report. Constellation Brands — Shares of the alcohol producer were up about 1.5% after the company delivered beats in its first quarter earnings report. Constellation reported earnings of $3.43 per share, higher than analysts polled by LSEG’s estimates for $3.20 per share. Revenue also came in above expectations, while its full-year earnings guidance was about in-line with estimates. Shutterstock , Getty Images — The stocks tumbled after Getty called off a proposed merger with Shutterstock due to demands from a U.K. regulator . Shutterstock fell sharply, off more than 30%, while Getty declined 4%. Alcoa — The aluminum company fell 4% after it announced a definitive agreement to acquire some of South32’s, a mining and metals company, assets. Totaling $4.1 billion, the transaction will see Alcoa acquire South32’s bauxite, alumina and aluminum portfolio. Salesforce , ServiceNow — Shares of the software companies were up after Guggenheim upgraded both to buy, believing that artificial intelligence won’t be a death knell for the companies and attractive valuations in the stocks. ServiceNow rose more than 5%, while Salesforce was up nearly 4%.
