Check out these premarket movers:

AT&T (T) – AT&T announced plans to spin off its stake in the WarnerMedia/Discovery Communications(DISCA) to shareholders after the merger is complete later in the year. Shareholders will receive 0.24 shares of Warner Brothers Discovery for each AT&T share they now own. AT&T also said it would pay an annual dividend of $1.11 per share after the deal is complete, compared to the current $2.08. AT&T fell 3.5% in the premarket.

AMC Entertainment (AMC) – The movie theater operator’s stock rallied 4.7% in the premarket after announcing better than expected preliminary results for the fourth quarter. AMC stated that its quarters were its best in over two years and its results have improved with 2021.

United Parcel Service (UPS) – UPS shares surged 7.4% in the premarket after beating estimates with its quarterly results, issuing upbeat guidance and announcing a 49% dividend increase. UPS posted an adjusted profit of $3.59 per share in the fourth quarter compared with a consensus estimate at $3.10. The positive UPS results have prompted rivals to follow suit. FedExThe premarket saw an increase of 2.5% for (FDX).

Exxon Mobil (XOM) – The energy giant earned $2.05 per share for the fourth quarter, beating the $1.93 consensus estimate, though revenue fell below Wall Street forecasts. Exxon announced that it will be launching a $10 billion stock purchaseback program. This allows for the repurchase of shares, which was stopped in 2005. The premarket saw Exxon’s stock rise 1.3%

Sirius XM (SIRI) – The satellite radio and streaming audio service beat estimates by a penny a share, with quarterly earnings of 8 cents per share. The revenue came in ahead of expectations. Sirius XM declared a 25-cent special dividend and premarket trading saw a 1% increase in stock prices.

UBS (UBS) – UBS shares jumped 6.2% in premarket trading after the Zurich-based bank reported its best annual profit since 2006 and announced plans to increase its dividend as well its boost its share buyback program.

Cirrus Logic (CRUS) – Cirrus Logic reported adjusted quarterly earnings of $2.54 per share, 40 cents above estimates, with the semiconductor company’s revenue above estimates as well. The current quarter revenue guidance was stronger than anticipated by Cirrus, although the stock price fell 4.1% premarket.

New York Times Co. (NYT) – The newspaper publisher announced a deal to buy the popular daily word game Wordle for an unspecified amount that the paper said is “in the low seven figures.” The Times plans to eventually transfer the game to its websites and mobile apps. New York Times lost 1.3% during premarket trades.

Pfizer (PFE), BioNTech (BNTX) – The drugmakers may file as soon as today for permission to use their Covid-19 vaccine for children under the age of 5, according to people familiar with the discussions who spoke to The New York Times. As soon as the February 31st deadline approaches, emergency authorization might be available. BioNTech gained 3.6% on the premarket, while Pfizer saw little change.

Sanmina (SANM) – Sanmina jumped 4.7% in premarket action after the diversified manufacturer reported better-than-expected quarterly earnings and issued an upbeat current-quarter forecast. Sanmina witnessed growth in several segments including defense, automotive and medical.