Check out these premarket movers:

Peloton (PTON) – Peloton CEO John Foley will be stepping down. Additionally, the fitness equipment company will reduce its workforce by approximately 2800 employees or around 20%. The annual cost savings of $800 millions are also expected. Barry McCarthy, a former Spotify and Netflix CFO will replace Foley. Premarket trading saw Peloton drop 8.4%

Novavax (NVAX) – Novavax sank 6.7% in the premarket after Reuters reported that the drugmaker has delivered only a small fraction of the 2 billion Covid-19 vaccine doses it had planned to send around the world.

Pfizer (PFE) – Pfizer shares fell 3.8% in the premarket after reporting a revenue missIt issued its weaker than expected full-year outlook and reported on the latest quarter. Pfizer reports better-than-expected fourth-quarter earnings and has also increased its full-year forecast to sell its Covid-19 vaccine.

Harley-Davidson (HOG) – Harley shares surged 8.3% after the motorcycle maker reported an unexpected profit for its latest quarter as well as better-than-expected revenue. As Harley’s more costly motorcycles were in high demand, Harley was able to earn 14 cents per shared, rather than the 38 cents expected.

Chegg (CHGG) – Chegg rallied 5.8% in the premarket after the online education services company reported better-than-expected profit and revenue for its latest quarter. Chegg posted a quarterly profit of 38c per share and beat expectations by 4 cents each share. Chegg also released a more positive outlook than expected.

Carrier Global (CARR) – The maker of heating and cooling equipment beat estimates by 5 cents a share, with quarterly earnings of 44 cents per share. Wall Street estimates were also exceeded by revenue. The premarket saw Carrier stock rise by 1.3%

Take-Two Interactive (TTWO) – The video game maker’s stock fell 2.1% in premarket trading after it issued a weaker-than-expected outlook. Take-Two missed its “net bookings” estimates for the most recent quarter. This refers to sales of digital products and services in store and online.

Nvidia (NVDA) – Nvidia will not go ahead with its $66 billion purchase of Softbank’s chip designer Arm. The two companies said the deal – which would have been the largest chip industry deal ever – faced “significant regulatory challenges.”Softbank announced that Arm would be going public. Premarket action saw Nvidia fall 2%

Velodyne Lidar (VLDR) – Velodyne Lidar shares rocketed 38.5% in the premarket after the maker of sensors for autonomous driving said it would issue a warrant for an Amazon.comA subsidiary of (AMZN). To buy approximately 39.6 millions shares.

Just Eat Takeaway (GRUB) – Just Eat Takeaway will be delisting from the Nasdaq, with the Grubhub parent citing low Nasdaq trading volumes and a low proportion of the company’s share value held on Nasdaq. Stocks of the meal delivery company will trade on both London and Amsterdam stock exchanges. Premarket trading saw the stock fall 3.2%.

Guess (GES) – Activist investor Legion Partners Asset Management is calling for the removal of Guess co-founders Paul and Maurice Marciano from the apparel maker’s board, according to a letter seen by The Wall Street Journal. According to the firm, Paul Marciano’s sexual misconduct accusations are undermining company turnaround efforts. Guess gained 1.4% on the premarket.