Shares of Levi Strauss (NYSE:LEVI) are moving sharply lower in pre-market trading after the clothing company reported weaker than expected fiscal third quarter revenue and lowered its full-year revenue guidance.

Chipmaker Wolfspeed (NYSE:WOLF) may also come under pressure after Mizuho downgraded its rating on the company’s stock to Underperform from Neutral.

Meanwhile, shares of EVgo (NASDAQ:EVGO) are soaring in pre-market trading after JPMorgan upgraded its rating on the electric vehicle charging company’s stock to Overweight from Neutral.